Depression, Debasement, & 100 Years Of Monetary Mismanagement
From the archives of Bill Bonner at Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
Lost From the Get-Go
There must be some dark corner of Hell warming up for modern, mainstream economists. They helped bring on the worst bubble ever... with their theories of efficient markets and modern portfolio management. They failed to see it for what it was. Then, when trouble came, they made it worse. But instead of atoning in a dank cell, these same economists strut onto the stage to congratulate themselves.