Quote #80
Trickle-down theory - the less than elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.
More from John Kenneth Galbraith
- There are times in politics when you must be on the right side and lose.
- Under capitalism, man exploits man. Under communism, it's just the opposite.
- The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justifica…
- We all agree that pessimism is a mark of superior intellect.
- The happiest time of anyone's life is just after the first divorce.
- Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
- The conventional view serves to protect us from the painful job of thinking.
- You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.