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.
May 27, 2016
“How would you like your business card to read?” the office receptionist asked. “Francis Patrick Boland,” I answered. It was an outlandish statement on my part. Everyone around me had a nick name. I did not. But then I wasn’t an upper-class Boston Brahmin. “Might as well put my Irish heritage up front,” I thought. It was the spring of...