Flutterby™! : Things Repeat Themselves

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Things Repeat Themselves

2009-08-21 14:43:17.799628+00 by ziffle 1 comments

Quantitative Easing in another era: http://www.economist.com/busin...splayStory.cfm?story_id=14215012

Back then they cut off the head of the heads of state for their crimes. But they were more enlightened it appears.

But one lesson from Law’s sorry tale endures: attempts to maintain asset prices above their fundamental value are eventually doomed to failure.

[ related topics: Economics ]

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#Comment Re: made: 2009-08-21 18:16:38.93704+00 by: Dan Lyke

Seems like the main thing modern economics has given us is larger crowds leading to more momentum in the systems...