Dennis Holme Robertson Quote

Looking back the great American 'stabilization' [and boom] of 1922-1929 was really a vast attempt to destabilize the value of money in terms of human effort by means of a colossal program of investment [driven by too easy credit]... which succeeded for a surprisingly long period, but which no human ingenuity could have managed to direct indefinitely on sound and balanced lines.


D.H. Robertson in "How Do We Want Gold to Behave?." The International Gold Problem, Humphrey Milford (1932): As cited in imagi-natives.com; Also cited in: Murray N. Rothbard (2013) America's Great Depression (LFB) p. 1921.

Picture Quote 1

Looking back the great American 'stabilization' [and boom] of 1922-1929 was really a vast attempt to destabilize the value of money in terms of human ...

Picture Quote 2

Looking back the great American 'stabilization' [and boom] of 1922-1929 was really a vast attempt to destabilize the value of money in terms of human ...

Picture Quote 3

Looking back the great American 'stabilization' [and boom] of 1922-1929 was really a vast attempt to destabilize the value of money in terms of human ...

Picture Quote 4

Looking back the great American 'stabilization' [and boom] of 1922-1929 was really a vast attempt to destabilize the value of money in terms of human ...