“Those who controlled private capital largely walked away from the US economy for the entire 1930s, refusing to pump in enough new investment even to replace the machinery and goods-in-process that were consumed during the decade.”
Quote by Robert P. Murphy
Author
Robert P. Murphy
Robert P. Murphy is an accomplished economist born on May 23, 1976, in the United States. He has conducted extensive research in economics, particularly in the fields of macroeconomics and monetary economics. Professor Murphy has held teaching positions at several renowned universities and has published numerous academic papers. more
You May Also Like
“We all have these places where shy humiliations gambol on sunny afternoons.”
“Let them know precisely what you are going to do with their data”
“Jesus didn't die on the cross to BLESS our life, He did it to CHANGE our life.”
Source: The Message of Galatians
“Truth is always in danger of being sacrificed on the altars of good taste and social stability.”
Source: Credo
“Education, the great mumbo jumbo and fraud of the age.”
Source: Things past