We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they ha… - John Kenneth Galbraith

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We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.

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About John Kenneth Galbraith

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

Biography information from Wikiquote

Also Known As

Alternative Names: John K. Galbraith John Galbraith J. K. Galbraith Ken Galbraith
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Additional quotes by John Kenneth Galbraith

The no-business meetings of the great business executives depend for their illusion of importance on something quite different. Not the exchange of ideas or the spiritual rewards of comradeship, but a solemn sense of assembled power gives significance to this assemblage. Even though nothing of importance is said or done, men of importance cannot meet without the occasion seeming important. Even the commonplace observation of the head of a large corporation is still the statement of the head of a large corporation. What it lacks in content it gains in power from the assets back of it.

The monetary experiments of Pennsylvania and its neighbors were by no means an unconsidered reaction to circumstance. They were extensively debated and had the energetic support of Benjamin Franklin, the most intelligent political man in the colonies and an ardent exponent of paper money. In 1729 he published his A Modest Enquiry into the Nature and Necessity of Paper Currency, a brief on behalf of paper currency... In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearance because its printer was "with the Press, labouring for the publick Good, to make Money more plentiful." The press was busy printing money.

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