On the record
The continuing credit paralysis has operated to accentuate the deflation and liquidation of commodities, real estate, and securities below any reasonable basis of values.
Source
gutenberg.orgHerbert Hoover: “The continuing credit paralysis has operated to accentuate the deflation and liquidation of commodities, real estate…”
Editor's note · Context
Hoover discusses how ongoing credit paralysis has led to deflation and liquidation of various assets below reasonable values.
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