Nick Woodman Quotes
I feel like I went through the Great Depression. All these companies are being successful around you, you're on that track, and then the market collapses, and you're out of a job. You're trying to save your investors' investment, and it doesn't work, and you sell the company for nothing. It was brutal.
Foster, Tom. "The Man Who Built GoPro." Inc., Mansueto Ventures, 26 Dec. 2012.
This is one of the worst economics assessments in the nation's history. Hoover had been a very successful business man prior to his government experience, but good business experience has not been a good predictor of Presidential success. See {633214} for more on this point.
Statement made in response to Jimmy Carter's technical arguments about the economy at a Teamsters convention in Ohio.
Essentially Mellon told the President to let the entire economy crash. With huge numbers of people out of work, labor would be more humble and not only settle for lower wages, but will work harder, and without "excess" income beyond their basic needs, they would not drink and engage in other immoral activities. President Hoover, a wealthy man himself, did not go along with Mellon's idea of making the situation worse, but his conservative philosophy of government would not allow the Government to "interfere" with the private economy or give any direct assistance to the citizens.
Nicholas D. Woodman is an American businessman, and the founder and CEO of GoPro.