Nobody blamed the credulity and avarice of the people — the… - John Kenneth Galbraith

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Nobody blamed the credulity and avarice of the people — the degrading lust of gain…or the infatuation which had made the multitude run their heads with such frantic eagerness into the net held out for them by scheming projectors.

John Kenneth Galbraith

A Short History of Financial Euphoria · July 1, 1994 Verified in 1 source Sign up to see the complete provenance

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About John Kenneth Galbraith

John Kenneth Galbraith (15 October 1908 – 29 April 2006) was a Canadian-American economist and author.

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Alternative Names: John K. Galbraith • John Galbraith • J. K. Galbraith • Ken Galbraith

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John Maynard Keynes Nassim Nicholas Taleb Thomas Sowell David Brin Jean-Baptiste Say

Additional quotes by John Kenneth Galbraith

Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.

Wall Street's crime, in the eyes of its classical enemies, was less its power than its morals.

The pioneering instrument of reform was the Bank of England. Of all institutions concerned with economics none has for so long enjoyed such prestige. It is, in all respects, to money as St. Peter's is to Faith.

Nobody blamed the credulity and avarice of the people — the degrading lust of gain…or the infatuation which had made the multitude run their heads wi… - John Kenneth Galbraith

About John Kenneth Galbraith

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Additional quotes by John Kenneth Galbraith