Saturday, August 24, 2013

Quips of the day - boom and hype

Paul Krugman used "prophets of boom" and "hype springs eternal" in his New York Times column of 2002-04-30, "Herd on the Street", also published in "The Great Unraveling", p. 75.

I think Krugman is a master of the English language as well as of economics.  Of the latter, his own Cassandra-like predictions have come true more often than not.  The people in power didn't listen to his warnings, he was right, and they still don't listen.