[FoRK] The Wrecking Crew - A Low, Dishonest Decade

Tony Finch dot at dotat.at
Mon Jan 18 14:00:16 PST 2010


On Mon, 18 Jan 2010, Bill Stoddard wrote:
>
> > Heck, the only "free market" is right next to the "frictionless bearing" in
> > the Land of Academic Abstractions.
>
> FoRK quote worth remembering!

A bit of history along these lines:

"Collective hallucinations and inefficient markets: the British railway
mania of the 1840s."

http://www.dtc.umn.edu/~odlyzko/doc/hallucinations.pdf

Tony.
-- 
f.anthony.n.finch  <dot at dotat.at>  http://dotat.at/
GERMAN BIGHT HUMBER: SOUTHWEST 5 TO 7. MODERATE OR ROUGH. SQUALLY SHOWERS.
MODERATE OR GOOD.


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