John Kenneth Galbraith Quotes about Running

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Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So

Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with Communism, lies the threat to Capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.

John Kenneth Galbraith

Running, Lying, Mean

John Kenneth Galbraith (1997). “The Great Crash, 1929”, p.194, Houghton Mifflin Harcourt

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

John Kenneth Galbraith

Running, Wall, Mirrors

John Kenneth Galbraith (2009). “The Great Crash 1929”, p.106, Houghton Mifflin Harcourt