# Quote — John Kenneth Galbraith, The Great Crash 1929

> Both of these measures were on the side of increasing spendable income, though unfortunately they were largely without effect. The tax reductions were negligible except in the higher income brackets; businessmen who promised to maintain investment and wages, in accordance with a well-understood convention, considered the promise binding only for the period within which it was not financially disadvantageous to do so.

- Author: [John Kenneth Galbraith](https://www.leafyquotes.com/john-kenneth-galbraith.md)
- Book: [The Great Crash 1929](https://www.leafyquotes.com/john-kenneth-galbraith/the-great-crash-1929.md)
- Page: 183
- Source: [Wikiquote](https://en.wikiquote.org/wiki/John_Kenneth_Galbraith#The_Great_Crash,_1929_(1954_and_1997)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/john-kenneth-galbraith/the-great-crash-1929/both-of-these

## More from this book

> But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.

p. 194 — [Quote page](https://www.leafyquotes.com/john-kenneth-galbraith/the-great-crash-1929/but-now-as-throughout.md)

> But there is still a considerable difference between a failure to do enough that is right and a determination to do much that is wrong.

p. 192 — [Quote page](https://www.leafyquotes.com/john-kenneth-galbraith/the-great-crash-1929/but-there-is-still.md)

> In accordance with an old but not outworn tradition, it might now be wise for all to conclude that crime, or even misbehavior, is the act of an individual, not the predisposition of a class.

p. 165 — [Quote page](https://www.leafyquotes.com/john-kenneth-galbraith/the-great-crash-1929/in-accordance-with.md)