Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term … - John Kenneth Galbraith

But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.

There is nothing in economic life so willfully misunderstood as the great speculative episode. T

The process by which money is created is so simply that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent.