The Mental Militia Forums

Special Interest => Money, Commerce, and Taxation => Topic started by: Junker on December 12, 2008, 03:06:05 pm

Title: "We will not have any more crashes in our time." - John Maynard Keynes, 1927
Post by: Junker on December 12, 2008, 03:06:05 pm
at problemcat blog (http://problemcat.blogspot.com):

psychological uncertainty (http://problemcat.blogspot.com/2008/07/psychological-uncertainty-enters-our.html)

[and more goodly, wise quotes from that era]
[/list]
Title: Re: "We will not have any more crashes in our time." - John Maynard Keynes, 1927
Post by: Polearm on December 14, 2008, 07:34:35 pm
Technically, John Maynard Keynes was right.  There were no more crashes in his time....since he died in 1946.

I Googled the rest of them and the companies that are listed.  They are either dead or out of business. 

This is why I have such a strong dislike for "experts" in a field. 

Can they butcher a hog or con a ship?
Title: Re: "We will not have any more crashes in our time." - John Maynard Keynes, 1927
Post by: Klapton Isgod on December 14, 2008, 08:14:26 pm
Technically, John Maynard Keynes was right.  There were no more crashes in his time....since he died in 1946.

I Googled the rest of them and the companies that are listed.  They are either dead or out of business. 

This is why I have such a strong dislike for "experts" in a field. 

Can they butcher a hog or con a ship?

Uhhh...  He said that in 1927.  There was a wee little crash in 1929.
Title: Re: "We will not have any more crashes in our time." - John Maynard Keynes, 1927
Post by: Polearm on December 15, 2008, 08:31:42 am

Oh yeah..good point.

Again, this is why I dislike "experts". 

Course, he could have suspected something and instead of telling people (aka..running around shouting that the sky was going to fall), he kept it to himself and perhaps built an escape pod. 

Meh.
Title: Re: "We will not have any more crashes in our time." - John Maynard Keynes, 1927
Post by: Junker on December 15, 2008, 06:34:19 pm
Technically, John Maynard Keynes was right.  There were no more crashes in his time....since he died in 1946.

I Googled the rest of them and the companies that are listed.  They are either dead or out of business. 

This is why I have such a strong dislike for "experts" in a field. 

Can they butcher a hog or con a ship?

Uhhh...  He said that in 1927.  There was a wee little crash in 1929.


?!? Wasn't that a correction--the ignorant people buying and selling shares at too high a price?  :laugh: