One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
John Kenneth GalbraithRead
More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.
More from John Kenneth Galbraith
All quotes →If all else fails, immortality can always be assured by spectacular error.
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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.
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All successful revolutions are the kicking in of a rotten door.
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Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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