“However, Hoover had converted the simple business ritual of reassurance into a major instrument of public policy.”

—  John Kenneth Galbraith, book The Great Crash, 1929

Chapter VIII https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Aftermath II, Section I, p 144 <br class="br">The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)

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John Kenneth Galbraith207
American economist and diplomat 1908–2006

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