“The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation.”
Quote by Irving Fisher
Author
Irving Fisher
Irving Fisher was an American economist renowned for his work in economics, statistics, and finance. He is celebrated for his contributions to the theory of consumer behavior, the quantity theory of money, and the development of index numbers. Fisher's career spanned several decades, during which he held influential positions in academia and the financial industry. more
You May Also Like
“Self-importance requires spending most of one's life offended by something or someone.”
Source: The Wheel Of Time: The Shamans Of Mexico Their Thoughts About Life De
Source: The Complete Sherlock Holmes: All 56 Stories & 4 Novels
Source: The Chronicles of Amber: Nine princes in Amber
“They speak of "This Dojo" and "That Dojo". They are looking for profit.”
Source: Honor: Samurai Philosophy of Life - The Essential Samurai Collection; The Book of Five Rings, Hagakure: The Way of the Samurai, Bushido: The Soul of Japan.
Source: DUNE
Source: The Portable Edmund Burke
“Benefit to the community precedes benefit to the individual.”