Tag Archives: speculation

First Inaugural Address of Franklin D. Roosevelt

I have been reading through Franklin Roosevelt’s   First Inaugural Address this evening as part of work on a book. I was struck by the  relevance of much of its content for the current day and have included two striking quotes and the full body of the address.

First on the tragedy of making profit the driving force for a culture:

“Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.”

A demand that people start speculation with other people’s money. Read more of this post