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A constant in the history of money is that every remedy is reliably a source of new abuse.

Meaning

In his history of money, Galbraith observed that each financial fix creates fresh ways to exploit it. Rules and tools never end the problem. Apply it personally: when you adopt a new payment app or credit card, think about how it could tempt you into overspending.

Source: Money: Whence It Came, Where It Went (1975)

John Kenneth Galbraith 3 views

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John Kenneth Galbraith

John Kenneth Galbraith (1908–2006) was a Canadian-American economist and Harvard professor. He is known for books such as The Affluent Society and The Great Crash, 1929, which examined wealth, markets and speculation.

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