“More generally, the individual who gets added income as a result of a general inflationary movement atributes it not to larger economic causes but to his own virtue and diligence.”

—  John Kenneth Galbraith, book The New Industrial State

Source: The New Industrial State (1967), Chapter XXII, Section 4, p. 263 (1985)

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John Kenneth Galbraith207
American economist and diplomat 1908–2006

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