The recurrent and sadly erroneous belief that effortless en… - John Kenneth Galbraith

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The recurrent and sadly erroneous belief that effortless enrichment is an entitlement associated with what is thought to be exceptional financial perspicacity and wisdom is not something that yields to legislative remedy.

John Kenneth Galbraith

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

alliteration euphoria financial-bubble regulation exuberance

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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

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The second factor contributing to speculative euphoria and programmed collapse is the specious association of money and intelligence.

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.

A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.

The recurrent and sadly erroneous belief that effortless enrichment is an entitlement associated with what is thought to be exceptional financial per… - John Kenneth Galbraith

About John Kenneth Galbraith

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Additional quotes by John Kenneth Galbraith