Much Discussion Of Money Involves A Heavy

All Crises Have Involved Debt That, In One Fashion Or Another, Has Become Dangerously Out Of Scale In Relation To The Underlying Means Of Payment.

I've Long Believed Alas, That In Highly Organized Industrial Societies, Capitalist Or Socialist, The Stronger Tendency Is To Converge - That If Steel Or Automobiles Are Wanted And Must Be Made On A Large Scale, The Process Will Stamp Its Imprint On The Society, Whether That Me Be Magnitogorsk Or Gary, Indiana.

What Was Needed Was A Policy That Increased The Supply Of Money Available For Use And Then Ensured Its Use. Then The State Of Trade Would Have To Improve.

There Is Wonder And A Certain Wicked Pleasure In These Giddy Ascents And Terrible Falls, Especially As They Happen To Other People.

Even In Such A Time Of Madness As The Late Twenties, A Great Many Man In Wall Street Remained Quite Sane. But They Also Remained Very Quiet. The Sense Of Responsibility In The Financial Community For The Community As A Whole Is Not Small. It Is Nearly Nil. Perhaps This Is Inherent. In A Community Where The Primary Concern Is Making Money, One Of The Necessary Rules Is To Live And Let Live. To Speak Out Against Madness May Be To Ruin Those Who Have Succumbed To It. So The Wise In Wall Street Are Nearly Always Silent. The Foolish Thus Have The Field To Themselves. None Rebukes Them.