Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (28313)	2/2/2003 1:17:27 AM
From: LLCF	Read Replies (1) of 74559

As usual a great piece by Noland. It's becoming clear that many hitherto knows an 'fringe' are pretty much right on, to the dismay of mainstream "I write what my employer or TV station business show wants to hear" economists of today. Maybe CB could write a book about THAT, which would be much more interesting than some blithering revisionist piece about the 1930's. IMO the most valuable reading I've ever done is about the psychology of the actual times of booms and busts. IMO the 'mechanism' of that actual event is unimportant... mere intellectual masterbation... but the overall tone of the time is akin to true wisdom. There are several good writtings on the subject in this volume... a version of which I read long ago, and still holds true: amazon.com DAK

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