Gentlemen, when you go back home to your factories and your offices, here's what I want you to do. I want you to keep all your workers. Don't lay any off! I want you to keep your factories going. Don't shut any down! I want you to invest more, spend more, even borrow more if you have to. Just don't do any cutting. So we can keep this economy going.
~ President Herbert Hoover, shortly after the '29 crash
(Quote sited by Martin D. Weiss, "Why Washington Cannot Prevent Depression," Money and Markets, November 10, 2008.)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment