Archive for the ‘hope’ tag
Krugman and the Economy of Hope
I’m reading Michael Lewis’ compilation, Panic: The Story of Modern Financial Insanity, and just came across this excellent article by Paul Krugman in Fortune from September 7th, 1998.
What turned a bad financial situation into a catastrophe was the way a loss of confidence turned into self-reinforcing panic … Let’s quote from the June report of [...]
