John Kenneth Galbraith Quotes

The memory of the financial community is proverbially and distressingly short.

There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

I believe... that our memories are part of one great memory, the memory of Nature herself.

I'm weak cause I believe you and I'm mad because I love.

Christ did not enchant men; He demanded that they believe in Him: except on one occasion, the Transfiguration. For a brief while, Peter, James, and John were permitted to see Him in His glory. For that brief while they had no need of faith. The vision vanished, and the memory of it did not prevent them from all forsaking Him when He was arrested, or Peter from denying that he had ever known Him.

We believe that unless we give opportunity to the strong and able, we shall never have the means to provide real protection for the weak and the old.

I don't believe in false memories, like I don't believe in false songs.

Those who believe in their truth -- the only ones whose imprint is retained by the memory of men -- leave the earth behind them strewn with corpses. Religions number in their ledgers more murders than the bloodiest tyrannies account for, and those whom humanity has called divine far surpass the most conscientious murderers in their thirst for slaughter.

Most people believe vulnerability is weakness. But really vulnerability is Courage. We must ask ourselves...are we willing to show up and be seen.

Let faith oust fact; let fancy oust memory; I look deep down and do believe.

Conservatism means believing in a strong national defense. Not because we want war, but because we love peace. Because history has taught us a painful lesson, that weakness is the enemy of peace. That weakness invites violence, that weakness invites war.

Man knows that there are in the soul tints more bewildering, more numberless, and more nameless that the colors of an autumn forest....Yet he seriously believes that these things can every one of them , in all their tones and semi-tones, in all their blends and unions, be accurately represented by an arbitrary system of grunts and squeals. He believes that an ordinary civilized stockbroker can really produce out of his own inside noises which denote all the mysteries of memory and all the agonies of desire.

That is just the way with Memory; nothing that she brings to us is complete. She is a willful child; all her toys are broken. I remember tumbling into a huge dust-hole when a very small boy, but I have not the faintest recollection of ever getting out again; and if memory were all we had to trust to, I should be compelled to believe I was there still.

When I say I believe in radical truth and radical transparency, all I mean is we take things that ordinarily people would hide, and we put them on the table, particularly mistakes, problems, and weaknesses. We put those on the table, and we look at them together. We don't hide them.

I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.

Most people willingly deceive themselves with a doubly false faith; they believe in eternal memory (of men, things, deeds, peoples) and in rectification (of deeds, errors, sins, injustice). Both are sham. The truth lies at the opposite end of the scale: everything will be forgotten and nothing will be rectified. All rectification (both vengeance and forgiveness) will be taken over by oblivion.

Memory believes before knowing remembers. [Light in August]

Fools who wear their hearts proudly on their sleeves, who cannot control their emotions, who wallow in sad memories and allow themselves to be provoked this easily - weak people, in other words.

Everyone had some defect, or body or of mind: he thought of all the people he had known (the whole world was like a sick house and there was no rhyme or reason in it), he saw a long procession, deformed in body, warped in mind, some with illness of the flesh, weak hearts or weak lungs, and some with illness of the spirit, languor of will, or craving for liquor. At that moment he felt a holy compassion for them all. …The words of the dying God crossed his memory: Forgive them, for they know not what they do.

A sacrifice to be real must cost, must hurt, and must empty ourselves. Give yourself fully to God. He will use you to accomplish great things on the condition that you believe much more in his love than in your weakness.

I believe Sharia law, however it comes, is the future for America. I believe, one day, that the people will adopt it anyway. A lot of issues we're looking at now are already enshrined within the Sharia. For instance, the gold standard for when dealing with inflation and a lack of confidence with the stocks and shares, which has been prevalent for the last many decades. All of that is prohibited in Islam.

I believe in racial memory too. I'm sure I've got ancient African blood in me that has something to do with what I am.

Hearken, my believing reader. What is the cause of your weakness? Is it not because the fountain of life is little used? Is it not because you are resting on old experiences, and not daily gathering new manna—daily drawing new strength from Christ?

I just hope I remember to tell my kids that they are as happy as I look in my old photographs. And I hope that they believe me.