How To Prevent Economic Upheavals

During the stress of hard times a representative gathering of business men, financial leaders, and statements met in London for a dinner. Each man was asked what would be most likely to prevent economic upheavals. Each answer was to be simply an opinion. A very learned man who had studied the subject for many years gave his reply.

"If I had my way, I would press into service the great fleets of battleships of all the nations and would load them with all the economists in the world. These ships would take this load of humanity to the most out-of-the-way, far-off, unattainable island known and ump them all on the island to get along as best they could. Then, since there would be no need for battleships, they could surround the island and each captain could be held personally responsible for the escape of any economist. This, gentlemen, " he continued, "would, in my opinion, solve the economic problems of the world."

Robert L. Smitley, Popular Financial Delusions, 1933

We are relieving the Great Depression, walking the same path, step by step, except in a much, much greater scale. We are living in the Greater Depression, and I will be writing a series of post taken from history books, to given concrete proof that those who cannot remember the past are condemned to repeat it.

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