Katy Lederer on Galbraith and Wharton

"Ballad of the Bubble" in The New Yorker:
Then, in 2004, she spent a month at Yaddo. For reading, she took along study materials for the Series 7 stockbroker’s exam, as well as books by Thorstein Veblen and John Kenneth Galbraith. “Veblen talks about poetry as being similar to Latin, useless and a waste of time,” she said. “It’s a form of conspicuous consumption.” Still, Lederer said, she was struck by the metaphors he and Galbraith used. “The language is gorgeous,” she said. “Like Edith Wharton and Dorothy Parker, Galbraith is witty and sarcastic.” She started to crib phrases like “dead-level,” “squirrel wheel,” and “immiseration of the masses” for her verse.