April 22, 1933 - Editorial - The Mind of the People, by George Lorimer
Recent financial events drive home once more the truth that the nation's course is tied up closely with its mental state. By what is in their minds the people can paralyze the currents of trade or they can give life and stimulus to it.
It is a terrific power which the people possess, of going to extremes of both hope and fear. One is as dangerous as the other. The excess of hope that moved the people to gamble in 1928 and 1929 was almost as dangerous as the orgy of fright that led to withdrawls from the banks in late February of this year. It was no more possible for a whole nation to grow rich by marking up stock quotations than to save itself by gutting its own banks. (pg. 20)