Wednesday, April 13, 2011

Reminiscing the financial crisis ...

BookValue
Dice Have No Memory
William Bonner
(http://www.wiley.com/)

If you find economists holding their heads up at cocktail parties, pretending to know what they are talking about, trouble may not be far away. For, that is when, you would also find politicians spending even more money that did not belong to them, and consumers enjoying a standard of living they cannot afford, as instructs William Bonner in Dice Have No Memory: Big bets and bad economics from Paris to the Pampas.

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