Sep 072010
 
 September 7, 2010  Posted by at 8:07 pm Primers Comments Off on The Infinite Elasticity of Credit
The Infinite Elasticity of Credit

Carl Mydans Washboard July 1935 Outside water supply, Washington, D.C. Only source of water supply winter and summer for many houses in slum areas. In some places drainage is so poor that surplus water backs up in huge puddles "Beautiful credit! The foundation of modern society. Who shall say this is not the age of mutual trust, of unlimited reliance on human promises? That is a peculiar condition of modern society which enables a whole country to instantly recognize point

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