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
Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
Interpretation
What this quote means
Money is equally significant to both the rich and the poor; its importance transcends financial status.
This quote by John Kenneth Galbraith emphasizes the universal importance of money in society. Regardless of one's financial situation, the presence or absence of money affects people's lives in significant ways, revealing that money influences both the wealthy and those struggling financially.
Themes
MoneyImportanceEconomyWealthSociety
In practice
Example use cases
This quote could be used in a finance seminar to discuss the role of money in different socioeconomic classes.
More from John Kenneth Galbraith
All quotes βIf all else fails, immortality can always be assured by spectacular error.
John Kenneth GalbraithRead
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.
John Kenneth GalbraithRead
All successful revolutions are the kicking in of a rotten door.
John Kenneth GalbraithRead
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
John Kenneth GalbraithRead
Were it part of our everyday education and comment that the corporation is an instrument for the exercise of power, that it belongs to the process by which we are governed, there would then be debate on how that power is used and how it might be made subordinate to the public will and need. This debate is avoided by propagating the myth that the power does not exist.
John Kenneth GalbraithRead
Similar quotes
Just as we should never balance the budget on the backs of the poor, so it is an economic delusion to think you can balance it only on the wallets of the rich.
George OsborneRead
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.
Ben BernankeRead
The gap in India has always been between the promise and the execution.
Raghuram RajanRead
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.
John Maynard KeynesRead
Addressing the weaknesses of capitalism will require us, above all, to do two things: first, to take a long-term perspective, and second, to re-set the priorities of business.
Paul PolmanRead
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
Lawrence SummersRead