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.
March 20, 2015
Ever see a movie, or hear a song, and think to yourself, “I’ve seen or heard this before?” Well there is a new “movie” coming to Wall Street and I know I have seen it before. In fact, I saw the movie 50 years ago! One of the advantages of longevity is that you get to experience many things twice. This soon-to-be released...