#johnkennethgalbraith — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #johnkennethgalbraith, aggregated by home.social.
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Meetings are indispensable when you don't want to do anything.
-- John Kenneth Galbraith -
Meetings are indispensable when you don't want to do anything.
-- John Kenneth Galbraith -
“Total physical and mental #inertia are highly agreeable, much more so than we allow ourselves to imagine. A #beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt.” - #JohnKennethGalbraith
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Meetings are indispensable when you don't want to do anything.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Meetings
⬇ #Photography #Panorama #LakePowell #SlickRock #Canyon #Utah
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Meetings are indispensable when you don't want to do anything.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Meetings
⬇ #Photography #Panorama #LakePowell #SlickRock #Canyon #Utah
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If all else fails, immortality can always be assured by adequate error.
John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
Money: Whence It Came, Where It Went, ch. 13 “The Self Inflicted Wounds” (1975)More info about this quote: wist.info/galbraith-john-kenne…
#quote #quotes #quotation #qotd #galbraith #johnkennethgalbraith #error #failures #fame #immortality #infamy #legacy #mistakes #renown #reputation
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If all else fails, immortality can always be assured by adequate error.
John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
Money: Whence It Came, Where It Went, ch. 13 “The Self Inflicted Wounds” (1975)More info about this quote: wist.info/galbraith-john-kenne…
#quote #quotes #quotation #qotd #galbraith #johnkennethgalbraith #error #failures #fame #immortality #infamy #legacy #mistakes #renown #reputation
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If all else fails, immortality can always be assured by adequate error.
John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
Money: Whence It Came, Where It Went, ch. 13 “The Self Inflicted Wounds” (1975)More info about this quote: wist.info/galbraith-john-kenne…
#quote #quotes #quotation #qotd #galbraith #johnkennethgalbraith #error #failures #fame #immortality #infamy #legacy #mistakes #renown #reputation
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If all else fails, immortality can always be assured by adequate error.
John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
Money: Whence It Came, Where It Went, ch. 13 “The Self Inflicted Wounds” (1975)More info about this quote: wist.info/galbraith-john-kenne…
#quote #quotes #quotation #qotd #galbraith #johnkennethgalbraith #error #failures #fame #immortality #infamy #legacy #mistakes #renown #reputation
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Faced with the choice between changing one's own mind and proving that there is no need to do so, almost everyone gets busy on the proof.
-- John Kenneth Galbraith -
Faced with the choice between changing one's own mind and proving that there is no need to do so, almost everyone gets busy on the proof.
-- John Kenneth Galbraith -
Faced with the choice between changing one's own mind and proving that there is no need to do so, almost everyone gets busy on the proof.
-- John Kenneth Galbraith -
Faced with the choice between changing one's own mind and proving that there is no need to do so, almost everyone gets busy on the proof.
-- John Kenneth Galbraith -
Feeling it is time to reread Galbraith
Swap in tech and techbros for Industrial Revolution
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Feeling it is time to reread Galbraith
Swap in tech and techbros for Industrial Revolution
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Feeling it is time to reread Galbraith
Swap in tech and techbros for Industrial Revolution
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Feeling it is time to reread Galbraith
Swap in tech and techbros for Industrial Revolution
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Feeling it is time to reread Galbraith
Swap in tech and techbros for Industrial Revolution
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The only function of economic forecasting is to make astrology look respectable.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Economics #Humor
⬇ #Photography #Panorama #ChacoCanyon #PuebloBonito #Ruins #NewMexico
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The only function of economic forecasting is to make astrology look respectable.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Economics #Humor
⬇ #Photography #Panorama #ChacoCanyon #PuebloBonito #Ruins #NewMexico
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The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Conservatism #Rationalization #Selfishness
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The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Conservatism #Rationalization #Selfishness
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The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Conservatism #Rationalization #Selfishness
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The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Conservatism #Rationalization #Selfishness
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The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Conservatism #Rationalization #Selfishness
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Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
-- John Kenneth Galbraith⬆ #Wisdom #Quotes #JohnKennethGalbraith #Politics #Possibility
⬇ #Photography #Panorama #LakePowell #SlickRock #Canyon #Utah
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Meetings are indispensable when you don't want to do anything.
-- John Kenneth Galbraith -
Meetings are indispensable when you don't want to do anything.
-- John Kenneth Galbraith -
The full quote: The modern conservative is…engaged…in one of man's oldest, best financed, most applauded, and, on the whole, least successful exercises in moral philosophy. That is the search for a superior moral justification for selfishness.
in Harper's Magazine March 1964
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The full quote: The modern conservative is…engaged…in one of man's oldest, best financed, most applauded, and, on the whole, least successful exercises in moral philosophy. That is the search for a superior moral justification for selfishness.
in Harper's Magazine March 1964
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CW: Long thread/8
By buying your cheating advice from the same company that is paid to certify that you're not cheating, you greatly improve your chances of avoiding detection until you've blown town.
Which brings me to the idea of #TheBezzle. This is #JohnKennethGalbraith's term for "the weeks, months, or years that elapse between the commission of the crime and its discovery." This is the period in which both the criminal and the victim feel like they're better off.
8/
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CW: Long thread/8
By buying your cheating advice from the same company that is paid to certify that you're not cheating, you greatly improve your chances of avoiding detection until you've blown town.
Which brings me to the idea of #TheBezzle. This is #JohnKennethGalbraith's term for "the weeks, months, or years that elapse between the commission of the crime and its discovery." This is the period in which both the criminal and the victim feel like they're better off.
8/
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CW: Long thread/6
As with every MLM, the value of the burgers and fries sold is dwarfed by the gigantic edifice of finance fraud built around it, with "points" being bought and sold for real cash, which is snaffled up and sucked out of the island by a greedy mainlander who is behind the scheme.
A "bezzle" is #JohnKennethGalbraith's term for "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it."
6/
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CW: Long thread/6
As with every MLM, the value of the burgers and fries sold is dwarfed by the gigantic edifice of finance fraud built around it, with "points" being bought and sold for real cash, which is snaffled up and sucked out of the island by a greedy mainlander who is behind the scheme.
A "bezzle" is #JohnKennethGalbraith's term for "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it."
6/
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This book description would suit a recent book, summarising various critiques of the neoclassical economic myths that underpin the neoliberal political program. But The Affluent Society by John Kenneth Galbraith was originally published in 1958, and this edition was printed in the 1960s.
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This book description would suit a recent book, summarising various critiques of the neoclassical economic myths that underpin the neoliberal political program. But The Affluent Society by John Kenneth Galbraith was originally published in 1958, and this edition was printed in the 1960s.
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Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
-- John Kenneth Galbraith⬆ #Quotes #JohnKennethGalbraith #Politics
⬇ #Photography #Panorama #Pictographs #RockArt #NativeAmerican #Utah
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The Tyee: How to Rebuild Public Health? Don’t Ask the Chatbots (in Analysis) https://thetyee.ca/Analysis/2023/03/29/How-To-Rebuild-Public-Health/ #bcnews #TheTyee - via @[email protected] #SilverHarbourSeniors’ActivityCentre #PublicHealthAgencyofCanada #Dr.EricReinhartHarvard #JohnKennethGalbraith #Dr.RupertBlue #Naylorreport #Medicare #ChatGPT
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The Tyee: How to Rebuild Public Health? Don’t Ask the Chatbots (in Analysis) https://thetyee.ca/Analysis/2023/03/29/How-To-Rebuild-Public-Health/ #bcnews #TheTyee - via @[email protected] #SilverHarbourSeniors’ActivityCentre #PublicHealthAgencyofCanada #Dr.EricReinhartHarvard #JohnKennethGalbraith #Dr.RupertBlue #Naylorreport #Medicare #ChatGPT
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Listening
Considering
Negotiating
Acknowledging
Conceding
Giving up
Regretting
Compromising
In order not to walk away empty handed#PoliticsWhoGetsWhatWhenHow #JohnKennethGalbraith #TheArtOfThePossible
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The J.K Galbraith "bad investments driving out good" dynamic is basically: when investors' portfolios go so poorly that they need to raise cash to cover obligations, they'll sell anything to raise that.
So if some IvanInvestor is 50% in HonestSamsSkeeveyStock and 50% in BlueChipCo, leveraged 50%, then if HSSS crashes, IvanInvestor must sell BlueChipCo to cover margins. (Or other obligations.)
If there are enough IvanIvestors ... the price of BSC starts to move.
With housing it's similar, though the mechanism is often of reserves or assets, particularly for banks. With a sufficient movement, enough sellers become "highly motivated" that the market as a whole moves.
Of course, if you're planning to profit from this, you've got to have lower exposure and cash (or equivalently robust assets, which aren't falling) on hand to be able to buy. That tends to be a wealth ratchet for the already uber-wealthy.
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@pluralistic Another ... interesting ... dynamic of collapsing bubbles is of bad investments driving down good.
J.K. Galbraith notes in The Great Crash: 1929, a book I know you've read and like --- see also "bezzle".
Galbraith:
The great investment trust boom had ended in a unique manifestation of Gresham's Law in which the bad stocks were driving out the good.
#Housing #Bubbles #JKGalbraith #JohnKennethGalbraith #TheGreatCrash1929 #GreshamsLaw
