The End of Normal Quotes

“public debt is private wealth,”
― James K. Galbraith, The End of Normal: The Great Crisis and the Future of Growth

“The service and office workers, checkout clerks, account managers, and salespeople whose jobs can be consolidated and rendered redundant by the digital revolution are the modern version of the horses driven off their Depression-era farms.”
― James K. Galbraith, The End of Normal: The Great Crisis and the Future of Growth

“We must also restore the understanding achieved by Keynes and Minsky, and under the New Deal, of unstable speculation and financial fraud, later effaced by the doctrine of efficient markets. A new economics must rest on a biophysical and institutional framework, recognizing that fixed capital and embedded technology are essential for efficient productive operations, but that resource costs can render any fixed system fragile, and that corruption can destroy any human institution.”
― James K. Galbraith, The End of Normal: The Great Crisis and the Future of Growth