It is a notorious, yet unappreciated fact, that speculative enterprises lie at the foundation of all financial disorder, for which, if a remedy can be provided, the very considerable talent and time which is now devoted to it would be turned into channels of general usefulness and productiveness.
Victoria C. Woodhull: “It is a notorious, yet unappreciated fact, that speculative enterprises lie at the foundation of all financial disorder…”
Editor's note · Context
Woodhull points out that speculative ventures contribute to financial disorder and suggests redirecting efforts to productive activities.
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