Tuesday 14 August 2018

QotD: "One rule of thumb I’ve adopted is: whenever the idea that the business cycle may have been tamed forever starts to become mainstream, the bust is around the corner."


"One rule of thumb I’ve adopted is: whenever the idea that the business cycle may have been tamed forever starts to become mainstream, the bust is around the corner."
~ Tom Woods, reviewing Mark Thornton's new book The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century
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