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There's a law of economics that, crashes occur when everyone who can remember the reason we have laws to prevent them is dead.
by oceanghost 9y ago
There's a law of economics that, crashes occur when everyone who can remember the reason we have laws to prevent them is dead.
- Robotbeat 9y agoI think that's the Minsky Moment, basically that long periods of stable investment growth lead to increased risk-taking, inflation of a bubble, and eventually a crash.