"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
.
No comments:
Post a Comment
We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.