19 November 2022
"In a depression all.. is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise.."
12 November 2022
“Meanwhile, the rest of us are left with stagflation as far as the eye can see. What’s important at this point is to avoid the crack-up boom that can sometimes follow these kinds of policy disasters. We should count ourselves lucky if we somehow avoid that plus dodge the bullet of a full-scale financial crisis.”
Chauffeur knowledge and the crack-up boom