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If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.
Austan Goolsbee
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"If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression."
— Austan Goolsbee #moneywealth

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If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to a…

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If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression. — Austan Goolsbee

About Austan Goolsbee

Austan Goolsbee was a Public Servant from United States (1969–present).

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Frequently Asked Questions

Who said "If you had asked people in 1929, 'Here is what is about to happen. How much wou…"?
This quote is attributed to Austan Goolsbee, a Public Servant from United States.
When did Austan Goolsbee live?
Austan Goolsbee lived from 1969 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.