A Quote by John Kenneth Galbraith
All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.
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To be idle is a short road to death and to be diligent is a way of life; foolish people are idle, wise people are diligent.
It was like swimming against a current that swept you backwards however hard you struggled, and then suddenly deciding to turn round and go with the current instead of opposing it. Nothing had changed except your own attitude: the predestined thing happened in any case.
The stream of passing years is like a river with people being carried along in the current. Some are swept along, protesting, fighting all the way, trying to swim back up the stream, longing for the shores that they have passed, clutching at anything to retard their progress, frightened by the onward rush of the strong current and in danger of being overwhelmed by the waters. Others go with the current freely, trusting themselves to the buoyancy of the water.
The difference between ignorant and educated people is that the latter know more facts. But that has nothing to do with whether they are stupid or intelligent. The difference between stupid and intelligent people-and this is true whether or not they are well-educated-is that intelligent people can handle subtlety. They are not baffled by ambiguous or even contradictory situations-in fact, they expect them and are apt to become suspicious when things seem overly straightforward.
Many causes may vitiate a writer's judgement of his own works. On that which has cost him much labour he sets a high value, because he is unwilling to think that he has been diligent in vain: what has been produced without toilsome efforts is considered with delight as a proof of vigorous faculties and fertile invention; and the last work, whatever it be, has necessarily most of the grace of novelty.
Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.
Time is a sort of river of passing events, and strong is its current; no sooner is a thing brought to sight than it is swept by and another takes its place, and this too will be swept away.
Society thrives on trade simply because trade makes specialization possible, and specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is a most humane institution.
Anything less than total candor was bullshit. I owed that to my readers, I owed that to myself, and I owed that most specifically to my mother. I've had some thrilling moments in my 18-year literary career to this point, and nothing comes close to giving Geneva Hilliker Ellroy, the farm girl from Tunnel City, Wisconsin, to the world.
Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.
Productivity-the amount of output delivered per hour of work in the economy-is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
No reader owes me anything - I am owed nothing for my noble efforts, because my writing was always unconditional, always coming out of inner necessity.
We're normally caught up in the current of our thinking, feelings and emotions. With awareness, we can observe it all without being swept away. This gives us access to something much vaster and deeper than our usual compressed minds. All of us can access this. It's not so difficult. With some instruction and practice, anybody can do it.
More and more people are becoming aware that government has nothing to give them without first taking it away from somebody else-or from themselves. Increased handouts to selected groups mean merely increased taxes, or increased deficits and increased inflation.
People were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.
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