Political Quotes

On the recordOctober 4, 1931
As I said last night, we are in a degenerating vicious cycle.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Letter to George L. Harrison, Federal Reserve Board of New York, on Financial and Economic Problems.

Share & report

More from Herbert Hoover

Jun 17, 1932

In accordance with the tradition since their beginning that heads of states should open the Olympic Games, I had hoped to avail myself of that pleasure, and I had also hoped to spend a few weeks at my home at Stanford University, but at…

presidency.ucsb.edu
Jun 10, 1932

This measure is an important step forward in that it sets an example through its recognition by the Federal Government of the principle that even the relatively small number of juveniles in the Federal system should be handled on a modern…

presidency.ucsb.edu
Jun 4, 1932

It is estimated that altogether over 10 million individual depositors and borrowers have been benefited by the margins provided by the Reconstruction Finance Corporation to these banks.

presidency.ucsb.edu
Jun 15, 1932

I am deeply grateful for the highest honor that the party can confer.

presidency.ucsb.edu

Other voices in this conversation