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.
April 08, 2019
You might think I’m referring to Bill Gates, but the story goes back much further in time. The father of 20th century technology, undoubtedly, was General Georges Doriot. He was born in France in 1899. Twenty-one years later, he came to the United States as a young immigrant to attend the Harvard Business School. Four years...