Mises Wire

What the wealthy can afford

What the wealthy can afford

From a 1934 article in Time Magazine:

“...With the Amundsen (rail car) coupled on to the end of Southern Pacific’s Lark, Mr. Aldrich & party went from San Francisco to Los Angeles, there to inspect, among other things, a whopping if unwanted Chase investment. Fox Film Corp. Funnyman Will Rogers reported: “One of New York’s very leading bankers was visiting our studio (and incidentally his studio). . . . This fellow had an economist with him. Pretty near everybody’s got one. Either that or a police dog. The more wealthy have got both.”

Interesting detail: Rogers was speaking of our very own Benjamin Anderson!

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