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Quote by John Kenneth Galbraith

“Let it be emphasized once more, and especially to anyone inclined to a personally rewarding skepticism in these matters: for practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years. This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as had been its predecessors, with its own innovative genius.”

Quote by John Kenneth Galbraith

Book:A Short History of Financial Euphoria
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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

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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