Famous American economist, John Kenneth Galbraith (1908 – 2006), said: “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.”
Wonder what Galbraith would have said about our current financial crisis? Or did he predict it with the following statement:
“…the process by which wants are now synthesized is a potential source of economic instability. Production and therewith employment and social security are dependent on an inherently unstable process of consumer debt creation. This may one day falter.”
— John Kenneth Galbraith