Comments on economics, mystery fiction, drama, and art.

Thursday, September 25, 2008

Quoting Keynes

On why we may need large-scale, coordinated, public action to resolve the problems in our financial markets now:

"Markets can remain irrational for longer than you can remain solvent."

In context, this clearly applied to individual investors.

(Keynes wrote it, but I cannot find the source.)


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