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John Kenneth Galbraith Quotes

John Kenneth Galbraith quotes about money

American Economist October 15, 1908 – April 29, 2006

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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. John Kenneth Galbraith
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. John Kenneth Galbraith
John Kenneth Galbraith quote: "The process by which banks create money is so simple that the..."
The process by which banks create money is so simple that the mind is repelled. John Kenneth Galbraith
John Kenneth Galbraith quote: "Money differs from an automobile or mistress in being equally..."
Money differs from an automobile or mistress in being equally important to those who have it and those who do not. John Kenneth Galbraith

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