The U. S. is headed toward a period of business…
![“The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production]…” quote by Irving Fisher](https://sms4smile.com/q/i/dfd/irving-fisher-29435_accidents_the-u-s-is-headed-toward-a-period-of-bus_1719582.jpg)
“The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Fisher warns that declining gold output could trigger severe deflation and economic slowdown unless new gold sources or policies intervene.
In simple terms: Gold shortage may cause deflation and hurt business.
Key Takeaway
Seek new gold sources or monetary reforms.
Themes
economics
deflation
monetary policy
history
risk
Mood
cautious
analytical
concerned
Type
historical
economic
warning
When to use this quote
- financial planning
- investment strategy
- government policy
- historical analysis
- risk management
Key Concepts
Gold supply
deflationary spiral
economic cycles
policy intervention
resource scarcity
Questions to Reflect On
- How can modern economies diversify away from gold dependence?
- What policies can prevent deflation in a resource shortage?
A Different Perspective
Alternative monetary tools may mitigate deflation without new gold.