Irving Fisher quote

For all you gold bugs.

Tell me Irv didn’t get it!

“The U. S. is headed toward a period of business depression, probably 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.”

— Irving Fisher, Time Magazine, Jan. 20, 1930

Latest Comments

Leave a Reply

Your email address will not be published. Required fields are marked *