“If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.”

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Originally said in English.

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About Austan Goolsbee

Austan Goolsbee is quoted here; further biographical details are not publicly available.

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"If you had asked people in 1929, 'Here is what is about to happen. Ho…" — Austan Goolsbee | Daily Quotes