Irving Fisher, 1867 - 1947
From the George Grantham Bain collection (1927)
Born: 27 February 1867, Saugerties, New York
Died: 29 April 1947, New York City
Biography from Wikipedia
Irving Fisher quotes:
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- Stocks have reached what looks like a permanently high plateau. permalink
- The effort of the economist is to "see," to picture the interplay of economic elements. The more clearly cut these elements appear in his vision, the better; the more elements he can grasp and hold in his mind at once, the better. The economic world is a misty region. The first explorers used unaided vision. Mathematics is the lantern by which what before was dimly visible now looms up in firm, bold outlines. The old phantasmagoria disappear. We see better. We also see further. permalink
- The rate of interest acts as a link between income-value and capital-value. permalink
- There may be a recession in stock prices, but not anything in the nature of a crash. permalink
The New York Times (5 September 1929)
- Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess. permalink
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