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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: pogohere who wrote (99916)11/25/2008 9:22:26 PM
From: bart13  Read Replies (1) | Respond to of 110194
 
Good analogy on the plumber, good article too.

Here's a few more tasty and applicable quotes:

"The propensity to swindle grows parallel with the propensity to speculate during a boom... the implosion of an asset price bubble always leads to the discovery of frauds and swindles"
-- Charles P. Kindleberger, economic historian

"Economics exists to make astrology look respectable."
-- John Kenneth Galbraith

"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-- Joan Robinson, Cambridge University

"It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure."
-- John Kenneth Galbraith, A Journey Through Economic Time(1994)