The Past Speaks

Crowd Outside NYSE, 1929

Bloomberg’s Echoes Blog, which is devoted to business and financial history, has published a great post by Phil Scranton on the place of short-sellers in American public opinion during the Great Depression.  As Scranton reports, “In the midst of the Great Depression, people who bet on stock-market declines were considered unpleasant, unwanted, un-American, un-something.”