Sunday, February 3, 2013

Galbraith Speaks

"Under capitalism, man exploits man. Under communism, it's just the opposite."-Galbraith

A 15 part, BBC Series, wherein Galbraith holds forth.
My favorite economist, despite what Milton...or even Krugman...says.

Age of Uncertainty,pt 1

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent."-Galbraith writing in 'Money: Whence it came, where it went' (1975).

"There's no question that this is a time when corporations have taken over the basic process of governing."
Galbraith in a PBS television interview on The Newshour shortly before his death.

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