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John Kenneth Galbraith on Money

1908–2006 Canada

← All quotes by John Kenneth Galbraith

12 quotes

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

The process by which banks create money is so simple that the mind is repelled.

Money: Whence It Came, Where It Went (1975)

A constant in the history of money is that every remedy is reliably a source of new abuse.

Money: Whence It Came, Where It Went (1975)

The values of a society totally preoccupied with making money are not altogether reassuring.

The Great Crash, 1929 (1954)

That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplifications of our culture.

The New Industrial State (1967)

Truth has anciently been called the first casualty of war. Money may, in fact, have priority.

Money: Whence It Came, Where It Went (1975)

The study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it.

Money: Whence It Came, Where It Went (1975)

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.

Nothing is more portable than rich people and their money

Money: Whence It Came, Where It Went (1975)

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.

Money: Whence It Came, Where It Went (1975)

In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

Money: Whence It Came, Where It Went (1975)

The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.

The Ashes of Capitalism and the Ashes of Communism (1986)

Attribution

Quotes and notes from Wikiquote: John Kenneth Galbraith (page history), available under CC BY-SA 4.0.