"At home, as well as abroad, there is paralyzing uncertainty among business men as to whether the Reserve Board will allow that expansion of bank credit without which such prosperity as we have had in recent years simply cannot last. In short, the Board has created a state of mind which breeds business depression."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Educators from the United StatesColumbia University alumniHarvard University alumniEconomists from the United StatesPeople from Boston
Original Language: English
Available Languages (1)
Sources
Foster and Catchings, in: The Atlantic Monthly, Vol. 144, (1929), p. 102; cited in: William J. Barber. From New Era to New Deal. 1988, p. 77.
https://en.wikiquote.org/wiki/William_Trufant_Foster
Revision History
No revisions have been submitted for this quote.
Categories
William Trufant Foster
(January 18, 1879 – October 8, 1950), was an American educator and economist, whose theories were especially influential in the 1920s. He was the first president of Reed College.
15 quotes on TrueQuotesView all quotes by William Trufant Foster →
Related Quotes
"Let us not be surprised, however, if the study of the principles of argumentation — or even Burke's much mis-taught S…"
"The great superiority of debating, as the schools should look upon it, lies in the fact that it adds to many of the e…"
"It is not easy to phrase the proposition so that it shall mean precisely what we wish to argue; so that it shall incl…"
"One of the early presidents of Harvard College wrote a dissertation on the question, "Whether angels speak any langua…"
"Unless disputants understand the meaning attached by each other to the terms of a controversy, they may worry along i…"
"The " general" definition may give you no hint as to the way in which a particular assertion is meant to be interpret…"
"Most grown-up people get rid of the childish notion that whatever appears in print is true, but many cling to the equ…"
"The reference to the source of authority should be definite. Such vague phrases as the following, common though they …"
"Formal debate is a kind of game. In the time limit, the order of speakers, the alternation of sides, the give and tak…"
"The daily expenditures by consumers for new consumers' goods, upon which business stability largely depends, are dete…"