Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
September 04, 2014
If you were to become a “rich man” would you live differently than you currently do … as in showcase your wealth? Most of us could never imagine that a friend could be one of the richest persons in the world … and that we would never know it. A person’s persona can conceal --- or show --- a great deal. Our impression...