Marriner Stoddard Eccles Quotes & Sayings

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth ... The other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped. — Marriner Stoddard Eccles