[franklin Delano] Roosevelt Was The Central World

Poverty" Pitt Exclaimed "is No Disgrace But It Is Damned Annoying." In The Contemporary United States It Is Not Annoying But It Is A Disgrace.

Power Is Not Something That Can Be Assumed Or Discarded At Will Like Underwear.

No One Was Responsible For The Great Wall Street Crash. No One Engineered The Speculation That Preceded It. Both Were The Product Of Free Choice And Decision Of Hundreds Of Thousands Of Individuals.

A Very Complicated Mass Of Things Influences The Economy - The Speculative Effect, Government Policy, Consumer Borrowing And Spending, The Level Of Technical Innovation (which I Concede, Although Everyone Emphasizes It Too Much), And Much More - Including, Of Course, The Rate Of Inflation.

Even In Such A Time Of Madness As The Late Twenties, A Great Many Man In Wall Street Remained Quite Sane. But They Also Remained Very Quiet. The Sense Of Responsibility In The Financial Community For The Community As A Whole Is Not Small. It Is Nearly Nil. Perhaps This Is Inherent. In A Community Where The Primary Concern Is Making Money, One Of The Necessary Rules Is To Live And Let Live. To Speak Out Against Madness May Be To Ruin Those Who Have Succumbed To It. So The Wise In Wall Street Are Nearly Always Silent. The Foolish Thus Have The Field To Themselves. None Rebukes Them.