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.
November 07, 2019
In theory, a magician and an illusionist are the same. But an illusionist performs on a much larger scale. He’s the one who uses sleight of hand to distort the senses. Especially the brain. In effect, he makes perception overtake reality. Such a technique is used today in bringing a “new” company public. It starts with a “creative”...