Galbraith: Financial Euphoria Thursday, October 30, 2008
Posted by ei-forum in Miscellaneous.trackback
We don’t know how many of you are familiar with John Kenneth Galbraith (view profile: here) but we recently came across this quote from ‘A Short History of Financial Euphoria’ which we feel remains are relevant as ever:
- …All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment…
Why don’t we ever learn?
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