On the record
Had overspeculation in securities been the only force operating, we should have seen recovery many months ago, as these particular dislocations have generally readjusted themselves.
Source
gutenberg.orgHerbert Hoover: “Had overspeculation in securities been the only force operating, we should have seen recovery many months ago, as these…”
Editor's note · Context
Hoover argues that if overspeculation were the sole issue, recovery would have occurred sooner.
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