“Under the Federal Reserve System we shall have no more financial panics.”

Charles Hamlin (first chairman of the Federal Reserve, 1915)

“It has been a theory held by many in the last few years that we had outgrown the liability to panics in this country.”

Wall Street Journal (1904)

“Severe depressions in economic activity, which earlier generations knew and feared, are no longer a serious threat.”

Arthur Burns (chairman of the Federal Reserve, 1972)

“Welcome to the Great Moderation. Historians will marvel at the stability of our era.”

Gerard Baker (Times of London, 2007)

“Recessions are now considered to be fundamentally preventable, like airplane crashes and unlike hurricanes.”

Arthur Okun (chairman of the Council of Economic Advisors, 1970)

“[The] central problem of depression prevention has been solved, for all practical purposes, and has in fact been solved for many decades.”

Professor Robert Lucas (Nobel Prize winner, 2003)

“If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Reserve System would take steps to ease the money market and so check the movement.”

Harvard Economic Society (1929)

“True, some great event may prick the commercial bubble of the hour, and create convulsions; but while the Secretary of the Treasury plays the role of banker for the entire United States it is difficult to conceive of any condition of circumstances which he cannot control.”

The New York Herald (1873)

“When you look at the mistakes of the 1920s and 1930s, they were clearly amateurish… It is hard to imagine that happening again—we understand the business cycle better.”

Professor N. Gregory Mankiw (Professor of Economics, Harvard University, 2007)

“Panics—the recurring phenomena of disaster which the Republican party could neither control or explain—are now but a memory.”

Democratic Party Campaign Literature (1920)

“‘Credit crunches’ of the sort that periodically shut off the supply of funds to home buyers, and crushed the homebuilding industry between 1966 and 1982, are a thing of the past.”

William C. Dudley (Chief Economist, Goldman Sachs, 2004)

‘ALL WELL,’ IS VIEW OF BUSINESS CHIEFS; Reassuring Statements From Leaders Help Wall St. to Regain Composure.

New York Times (1929)

“I guess I don’t buy your premise [that housing prices could crash]. It’s a pretty unlikely possibility. We’ve never had a decline in house prices on a nationwide basis.”

Ben Bernanke (chairman of the Federal Reserve, 2005)

“Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we’re much safer, and I hope that it will not be in our lifetimes, and I don’t believe it will be.”

Janet Yellen (chairman of the Federal Reserve, 2017)

Praise for Golden Tears

Your books are put in the spotlight

About Golden Tears

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    Premium Site-building Plugins

    $130 saved

    Slider Revolution

    Slider Revolution

    Create professional sliders

    -$25

    WPBakery Page Builder

    WPBakery Page Builder

    (formerly Visual Composer)

    -$45

    Font Awesome 5 Pro

    Font Awesome 5 Pro

    Provide wonderful icons and fonts

    -$60

    100%
    Gutenberg Compatible

    Template Block Builder

    Auteur possesses a vast collection of premade customizable template blocks that can be easily added into a page for quick page-building

    Prominent Features

    We made extra effort to create a theme with an abundance of prominent and intuitive features, which ensures an effortlessly smooth site-building experience and an error-free site performance.

    Premium Support

    You can choose from these 8 available pre-built headers to start a page building process

    Responsive elements

    You can choose from these 8 available pre-built headers to start a page building process

    34+ Comprehensive Shortcodes

    You can choose from these 8 available pre-built headers to start a page building process

    WooCommerce

    You can choose from these 8 available pre-built headers to start a page building process

    MailChimp for WordPress

    You can choose from these 8 available pre-built headers to start a page building process

    Contact Form 7

    You can choose from these 8 available pre-built headers to start a page building process

    1Click Demo Import

    You can choose from these 8 available pre-built headers to start a page building process

    Easy Installation

    You can choose from these 8 available pre-built headers to start a page building process

    Detailed Documentation

    You can choose from these 8 available pre-built headers to start a page building process

    Premium Support

    You can choose from these 8 available pre-built headers to start a page building process

    Advanced Admin Panel

    You can choose from these 8 available pre-built headers to start a page building process

    Mega Menus

    You can choose from these 8 available pre-built headers to start a page building process

    GIVE US A FIVE-STAR RATE TO SHOW YOUR SUPPORT

    Boost your Sale
    with Beautiful & Powerful Auteur