“All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.”
Quote by John Kenneth Galbraith
Work
A Short History of Financial Euphoria
This book delves into the patterns and causes of financial euphoria, analyzing various historical periods to understand the dynamics of speculative bubbles and market crashes. more
Author
John Kenneth Galbraith
John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more
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“Rigor is always appropriate when investing in markets, whatever the ultimate conclusions may be.”
Source: Frederick Douglass: The Narrative and Selected Writings