“The job of the Federal Reserve is “to know when to remove the punch bowl at the party.” Under Alan Greenspan’s leadership its motto became “let’s all get drunk and see what happens.” It is now the morning after and the world will be dealing with Greenspan’s hangover for the next several decades.” Federal ReserveAlan GreenspanPunch Bowl Book:MEMEnomics: The Next Generation Economic System Source: MEMEnomics: The Next Generation Economic System
“Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008.” RiskGlobal Economic CrisisFinancial Derivatives Book:MEMEnomics: The Next Generation Economic System Source: MEMEnomics: The Next Generation Economic System