![Looking back the great American ‘stabilisation' [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme 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. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression. ]. (Dennis Holme Robertson)](https://cdn.quotesdtb.com/img/quotes_images_webp/42/dennis-holme-robertson-american-960142.webp)
Looking back the great American ‘stabilisation' [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme 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. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression. ].
Dennis Holme RobertsonRelated topics
american attempt boom crash credit depression direct drive easy effort great human ingenuity investment looking market money period programme sound stock value vast means stabilisation linesRelated quotes
With each technological ‘revolution', more energies began to be accessed, stored, and used than had been in the preceding epoch...On the whole, technological change is irreversible: whatever the nature of a technological revolution, it is always from the hoe to the plough, and not the other way around...Improvement generally means greater efficiency in the use of energy, materials, or information. It means greater speed, less investment of time and money, and operation on a larger scale.
Ervin László
The urge to break with a tradition is only appropriate when you're dealing with an outdated, troublesome tradition: I never really thought about that because I take the old-fashioned approach of equating tradition with value (which may be a failing). But whatever the case, positive tradition can also provoke opposition if it's too powerful, too overwhelming, too demanding. That would basically be about the human side of wanting to hold your own.
Gerhard Richter
It takes a huge effort to free yourself from memory, but when you succeed, you start to realize that you're capable of far more than you imagined. You live in this vast body called the Universe, which contains all the solutions and all the problems. Visit your soul; don't visit your past. The Universe goes through many mutations and carries the past with it. We call each of those mutations a ‘life,' but just as the cells in your body change and yet you remain the same, so time does not pass, it merely changes.
Paulo Coelho
Statistically, it would seem improbable that any mathematician or scientist, at the age of 66, would be able through continued research efforts, to add much to his or her previous achievements. However I am still making the effort and it is conceivable that with the gap period of about 25 years of partially deluded thinking providing a sort of vacation my situation may be atypical. Thus I have hopes of being able to achieve something of value through my current studies or with any new ideas that come in the future.
John Forbes Nash
Persons who clamor for governmental control of American railways should visit Germany, and above all Russia, to see how such control results. In Germany its defects are evident enough; people are made to travel in carriages which our main lines would not think of using, and with a lack of conveniences which with us would provoke a revolt; but the most amazing thing about this administration in Russia is to see how, after all this vast expenditure, the whole atmosphere of the country seems to paralyze energy.
Andrew Dickson White
