Quote From John Kenneth Galbraith (Maybe) on Government Failure

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Today’s Wall Street Journal brings a quote from John Kenneth Galbraith (maybe) on government failure:

“You will find that the state is the kind of organization which, though it does big things badly, does small things badly, too.” (attributed to John Kenneth Galbraith in a letter to the editor of the Wall Street Journal).

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.