quote · Legacy record
Let it be emphasized once more, and especially to anyone inclined to a personally rewarding skepticism in these matters: for practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years. This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as had been its predecessors, with its own innovative genius.
Let it be emphasized once more, and especially to anyone inclined to a personally rewarding skepticism in these matters: for practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years. This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as had been its predecessors, with its own innovative genius.
Approximate author period: c. 1957 AD · modern
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- Author or tradition
- John Kenneth Galbraith
Attribution: attributed - Country attributed
- Not established
A country attribution does not establish the earliest origin. - Historical period
- Approximate author period: c. 1957 AD · modern
Approximate period for the recorded attribution to John Kenneth Galbraith, based on documented lifetime 1908 to 2006. Source: https://www.wikidata.org/wiki/Q186042 (checked 2026-10-08). This is not a quotation composition date or independent authentication of its attribution. Source: https://www.wikidata.org/wiki/Q186042 (accessed 2026-10-08).
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Supplied reference C; CSV row 198043; supplied attribution, independently unverified
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