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 08, 2023
As we all know, it is difficult to go against a crowd’s belief. Religious scrolls are filled with stories of those who did … and died. Such conflict often crosses over from religious to secular situations. Such a juxtaposition occurred in the 17thcentury as Galileo hypothesized that the earth revolved around the sun...