John Kenneth Galbraith Quotes about Money

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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.

John Kenneth Galbraith

Money, Simple, Mind

"Money: Whence it came, where it went". Book by John Kenneth Galbraith, pp. 15, 29, 1975.

If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.

John Kenneth Galbraith

Money, People, Levels

John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.348, Princeton University Press

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

Money, Doctrine, Littles

The Guardian, November 20, 1991.

Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.

John Kenneth Galbraith

Love, Money, Men

"The Age of Uncertainty". Book by John Kenneth Galbraith. Chapter 6, p. 161, 1977.

In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its 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.

John Kenneth Galbraith

Money, War, Government

"Money: Whence It Came, Where It Went". Book by John Kenneth Galbraith. Chapter VIII, "The Great Compromise," p. 90, 1975.