
"Stocks have reached what looks like a permanently high plateau."
Irving Fisher, Professor of Economics, Yale University, 1929.
"1930 will be a splendid employment year."
U.S. Department of Labor, 1929.
Tales, thoughts and policy reflections from wannabe economists (that met) at the Graduate Institute in Geneva
1 comment:
Fisher lost all his (& a lot of his relatives') money because of that. At least he believed in what he was saying...
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