A Quote by John Kenneth Galbraith

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

John Kenneth Galbraith

Quote Topics

Does Errors Inflation Optimism Stupidity Trade Traders

Quote Author

John Kenneth Galbraith
American - Economist
October 15, 1908 - April 29, 2006

We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.

Brad Katsuyama

Historical records show that Abenakis and other Natives encountered European explorers and traders in Canada looking for sources of ivory to compete with the Russian trade in Siberian fossil mammoth ivory - these traders routinely asked about ivory 'horns' and teeth.

Adrienne Mayor

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.

Bruce Kovner

Nothing does more to lubricate the rough spots than a good dose of encouragement.

Tony Dungy

Optimism and stupidity are nearly synonymous.

Hyman Rickover

Some traders still think that a computer could not trade as well as they can.

Thomas Peterffy

Getting back to inflation, it is important to note that the producer price Index does not reflect wage pressures - and that is where the inflation threat really lies.

Larry Wachtel

When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

Ronald Reagan

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

Bruce Kovner

Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.

Janet Yellen

Rescuing dogs is looked upon as a noble, trendy pursuit. But wouldn't rescuing a man from a homeless shelter be, in fact, more humane?

Greg Fitzsimmons

Photography does not create eternity, as art does; it embalms time, rescuing it simply from its proper corruption.

Andre Bazin

I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.

Sherrod Brown

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.