A Quote by John Kenneth Galbraith
To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
Related Quotes
Our greatest foreign policy problem is our divisions at home. Our greatest foreign policy need is national cohesion and a return to the awareness that in foreign policy we are all engaged in a common national endeavor.
The people see that Wall Street is running our economic policy, that big oil is running our energy policy and the military industrial complex is determining our foreign policy.
In time, you'll see a thin line between friend and rival.
Between you and me: stupidity and men's bravado.
we ought to realize by now (see Korea, see Vietnam, see Afghanistan, see Iraq, see Iran) that deploying the US military, or dealing billions of dollars a year of arms to our ally of the moment that can serve as a regional rival to our enemy of the moment, is not always the best way to make threats go away. Our military and weapons prowess is a fantastic and perfectly weighted hammer, but that doesn't make every international problem a nail.
When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.
Our options oftentimes on foreign policy are not a choice between a good one and a bad one. It's a choice between two less-than-ideal options. And you're trying to figure out which is the least harmful of the two. And I think that's something we should be encouraged by, not something that we should be critical of.
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.
We need to have a clear moral vision for both our foreign policy, and economic policy and policy on racial justice.
Clipper took a relatively simple problem, encryption between two phones, and turned it into a much more complex problem, encryption between two phones but that can be decrypted by the government under certain conditions and, by making the problem that complicated, that made it very easy for subtle flaws to slip by unnoticed. I think it demonstrated that this problem is not just a tough public policy problem, but it's also a tough technical problem.
I see the war problem as an economic problem, a business problem, a cultural problem, an educational problem - everything but a military problem. There's no military solution. There is a business solution - and the sooner we can provide jobs, not with our money, but the United States has to provide the framework.
The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.
The problem is that many people operate on the assumption that NASA should go to Congress every year with hat in hand and justify it every year. Well, I see it as the greatest economic driver that there ever was. Economic drivers don't need justification.
As the wealthiest country with all the blessings that we have, do we have an obligation to help the outside world? I think we do, as we have an obligation to help everyone within our own borders. The problem is that this automatically gets translated into: "What's the point of having a huge military if we can't bomb people?" That's the problem that I have. Our foreign policy is essentially our defense policy.
We do not face a choice between protecting our environment or protecting our economy. We face a choice between protecting our economy by protecting our environment - or allowing environmental havoc to create economic havoc.
In particular, I argue that in both evolution and creation we have rival religious responses to a crisis of faith-rival stories of origins, rival judgments about he meaning of human life, rival sets of moral dictates, and above all what theologians call rival eschatologies-pictures of the future and of what lies ahead for humankind.
Our economic strength at home is key to our diplomatic and military strength abroad. We should be investing far more in education as well as our technological and economic development so that we have the resources to support our foreign policy.
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