A recession is when your neighbor loses his job. A depression is when you lose yours.
Ronald Reagan
However, optimism is highly
However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful … Read more