John Kenneth Galbraith: Spectacular error

“If all else fails, immortality can always be assured by spectacular error.”

– John Kenneth Galbraith.

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John Kenneth Galbraith: Financial memory

“Let it be emphasized once more, and especially to anyone inclined to a personally rewarding skepticism in these matters: for practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years. This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind.” -John Kenneth Galbraith (A Short History of Financial Euphoria).

John Kenneth Galbraith: Afflicting the comfortable

John Kenneth Galbraith, Canadian-American econ...

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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong. –John Kenneth Galbraith, economist (1908-2006)