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This Time Is Different: Eight Centuries of Financial Folly "Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recov
by jellicle 14y ago
This Time Is Different: Eight Centuries of Financial Folly
"Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters."
http://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691152640 http://www.amazon.com/This-Time-Different-Centuries-Financia...
In paperback, get yours today.
- illuminate 14y agohttp://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions... is still a horrifyingly accurate portrayal of human behavior.
- SkyMarshal 14y agoOr the original academic paper, for free [1]. Anything else Rogoff and Rheinhart have collaborated on [2] is related and interesting too. [1]: http://scholar.harvard.edu/files/rogoff/files/this_time_is_different.pdf http://scholar.harvard.edu/files/rogoff/files/this_time_is_d... [2]: http://scholar.harvard.edu/rogoff/publications http://scholar.harvard.edu/rogoff/publications
- stevedekorte 14y agoIsn't that what people say about the US dollar when you mention the long history of collapsed fiat currencies?