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Our whole depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick.
-Will Rogers
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Our Whole Depression Was Brought On By

Will Rogers
Our whole depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick.
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Gambling Debt Great Depression

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To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. money, money everywhere and still not enough! and then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?
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We had a booming stock market in 1929 and then went into the world's greatest depression. we have a booming stock market in 1999. will the bubble somehow burst, and then we enter depression? well, some things are not different.
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Borrowing money on what's called 'easy terms,' is a one-way ticket to the poor house. if you think it ain't a sucker game, why is your banker the richest man in your town? why is your bank the biggest and finest building in your town? instead of passing bills to make borrowing easy, if congress had passed a bill that no person could borrow a cent of money from any other person, they would have gone down in history as committing the greatest bit of legislation in the world.
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I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.
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There is no moral difference between gambling at cards or in lotteries or on the race track and gambling in the stock market. one method is just pernicious to the body politic as the other kind.
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This was my first lesson about gambling: if you see somebody winning all the time, he isn't gambling, he's cheating. later on in life, if i were continuously losing in any gambling situation, i would watch very closely.
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