The only purpose of economic forecasts is to give astrology… - John Kenneth Galbraith

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The only purpose of economic forecasts is to give astrology a better image.

John Kenneth Galbraith

English

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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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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.

It is far, far better and much safer to have a firm anchor in nonsense than to put out on the troubled seas of thought.

In the United States, though power corrupts, the expectation of power paralyzes.

The only purpose of economic forecasts is to give astrology a better image. - John Kenneth Galbraith

About John Kenneth Galbraith

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