The
changes he advocates are technical, and we may be
content with stating his opinion that floor-trading has
few of the redeeming traits of shooting craps; that
there is needed some kind of periodic settlement that
would make possible regulation of the flow of credit;
and that there should be no sales on credit for less
than $10,000, or $50,000,--this regulation
to impede stock-gambling by people of small means.
changes he advocates are technical, and we may be
content with stating his opinion that floor-trading has
few of the redeeming traits of shooting craps; that
there is needed some kind of periodic settlement that
would make possible regulation of the flow of credit;
and that there should be no sales on credit for less
than $10,000, or $50,000,--this regulation
to impede stock-gambling by people of small means.
Louis Brandeis - 1914 - Other People's Money, and How Bankers Use It
