[eastbound]

Oh, so that’s from him. This is the most state-interventionist economist. The fact that state actors trusted him for their policy since 1929 has more to do with a convergence of interests than rationality.

I’m not surprised that he started the ideology that markets were irrational.

[senordevnyc]

Here’s a similar quote from the great enemy of markets, Benjamin Graham:

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”