There would also be, we may be certain, the traditional reassuring words from Washington. Always when markets are in trouble, the phrases are the sam… - John Kenneth Galbraith

Of all classes the rich are the most noticed and the least studied.

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.

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.