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John Kenneth Galbraith Quotes: Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
         

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Thu. 02 May. 2024. <https://www.quoteslyfe.com/quote/Inflation-does-not-lubricate-trade-but-by-741082>.





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Other quotes of John Kenneth Galbraith


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.



Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.



Under capitalism, man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite.



But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.



Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.



If all else fails immortality can always be assured by adequate error.

If all else fails immortality can always be assured by adequate error.



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

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



There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.



Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.

Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.





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Real transformation requires real honesty. If you want to move forward — get real with yourself.

Real transformation requires real honesty. If you want to move forward — get real with yourself.



Everyone leaves behind a legacy of some kind, but those who approach living with a ‘No Excuses’ mindset leave a legacy of value.

Everyone leaves behind a legacy of some kind, but those who approach living with a ‘No Excuses’ mindset leave a legacy of value.



Quite frankly, I didn't become an actor to become a movie star. I have never dreamed about being the most famous person on the planet. I just want to do really good work.

Quite frankly, I didn't become an actor to become a movie star. I have never dreamed about being the most famous person on the planet. I just want to do really good work.



... we have so many voices in us, how do we know which ones to obey?

... we have so many voices in us, how do we know which ones to obey?



Feast, and your halls are crowded Fast, and the world goes by Succeed and give, and it helps you live But no man can help you die

Feast, and your halls are crowded Fast, and the world goes by Succeed and give, and it helps you live But no man can help you die



I never was but an isolated bon vivant, which is absurd; or a mystic bon vivant, which is an impossible thing.

I never was but an isolated bon vivant, which is absurd; or a mystic bon vivant, which is an impossible thing.



I'm sure drugs and alcohol perhaps would inspire new thoughts, but it's certainly not something that I use as a tool or a mechanism to create.

I'm sure drugs and alcohol perhaps would inspire new thoughts, but it's certainly not something that I use as a tool or a mechanism to create.



Sometimes in a movie, the lines are so perfect.

Sometimes in a movie, the lines are so perfect.



We do not marry for ourselves, whatever we say; we marry just as much or more for our posterity, for our family. The practice and benefit of marriage concerns our race very far beyond us.

We do not marry for ourselves, whatever we say; we marry just as much or more for our posterity, for our family. The practice and benefit of marriage concerns our race very far beyond us.



And when I say dominate, I just mean work harder than anyone else could possibly work at it.

And when I say dominate, I just mean work harder than anyone else could possibly work at it.




Quote Description


This page presents the quote "Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.". Author of this quote is John Kenneth Galbraith. This quote is about trade, traders, errors, inflation, optimism, stupidity,.