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20 Feb 09

Beacon of Liberty Amid Depression

When do you think this statement was made: "An unreasonable optimism and enthusiasm took hold of the public and led bankers to excessive courses of action; the federal reserve banks were unable to temper such an elan." For good measure, he then added: "The fall that followed the boom was that much more catastrophic."

www.standpointmag.co.uk/...full - Preview

pollinks economics history

Our Epistemological Depression - The American, A Magazine of Ideas

"This may be our first epistemologically-driven depression. (Epistemology is the branch of philosophy that deals with the nature and limits of knowledge, with how we know what we think we know.) That is, a large role was played by the failure of the private and corporate actors to understand what they were doing."

american.com/...our-epistemological-depression - Preview

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