“I did say in print, in February, 1929 that there was no hope for economic recovery in Europe before American interest rates came down. That wouldn’t be until the American boom collapsed — which was likely to happen within the next few months. And this did, in fact, happen in October 1929.
What made me expect this, of course, was one of my main theoretical beliefs — that an inflationary boom cannot be maintained indefinitely. I was sure that a very unstable situation was created by the artificial prolongation of the boom in 1927, when the Federal Reserve tried to stave off a collapse by credit expansion.”

— Friedrich Hayek

1980s and later, Interview in Silver & Gold Report (1980)

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Friedrich Hayek 79

Austrian and British economist and Nobel Prize for Economic… 1899–1992

George Seldes (1890–1995) American journalist

Can These Things Be! (1931)

“Looking back the great American ‘stabilisation’ [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme of investment [driven by too easy credit]… which succeeded for a surprisingly long period, but which no human ingenuity could have managed to direct indefinitely on sound and balanced lines. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression. ]”

Dennis Holme Robertson (1890–1963) British economist

D.H. Robertson in "How Do We Want Gold to Behave?." The International Gold Problem, Humphrey Milford (1932): As cited in imagi-natives.com; Also cited in: Murray N. Rothbard (2013) America's Great Depression (LFB) p. 1921.

“A few months ago I told the American people I did not trade arms for hostages. My heart and my best intentions still tell me that's true, but the facts and the evidence tell me it is not.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

television address (4 March 1987)
1980s, Second term of office (1985–1989)

“Lee's army expected to find recruits and help with food, clothing, and information. This did not happen, although the army did kidnap every African American it came upon, dragging them back into Virginia as slaves”

James W. Loewen (1942) American historian

2015, What Does Rockville, Maryland's Confederate Monument Tell Us About the Civil War? About the Nadir? About the Present? (July 2015)
Context: The Thin Grey Line' came through Montgomery and Frederick counties at least three times, en route to Antietam in 1862, Gettysburg in 1863, and Washington in 1864. Lee's army expected to find recruits and help with food, clothing, and information. This did not happen, although the army did kidnap every African American it came upon, dragging them back into Virginia as slaves. In a further irony, on the courthouse grounds not far from the Confederate monument, a historical marker tells of J. E. B. Stuart's 1863 raid nearby, in which he captured 'as many as a hundred' African Americans and enslaved them, but they are invisible. The marker only mentions the capture of '150 U. S. wagons'. During the first invasion, Maryland residents greeted Union soldiers 'as liberators' when they came through on their way to Antietam, according to historian William F. Howard. During the last invasion, when Confederate cavalry leader Jubal Early came through, he demanded and got $300,000 from the leading merchants of Frederick, lest he burn their town, a sum equal to at least five million dollars today.