Herbert Hoover actually said...

"The best evidence is that although production and consumption are at high levels, the average prices of commodities as a whole have not increased and there have been no appreciable increases in the st..."

"There has been a tendency for wage increases and the output per worker has increased, all of which indicates a very healthy situation."

"The fundamental business of the country, that is the production and distribution of commodities, is on a sound and prosperous basis."

"A temporary drop in grain prices sympathetically with stock exchange prices usually happens but as the Department of Agriculture points out, the overriding fact in grain is that this year's world whea..."