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This Time Is Different: Eight Centuries of Financial Folly

"Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters."

http://www.amazon.com/This-Time-Different-Centuries-Financia...

In paperback, get yours today.




Or the original academic paper, for free [1]. Anything else Rogoff and Rheinhart have collaborated on [2] is related and interesting too.

[1]: http://scholar.harvard.edu/files/rogoff/files/this_time_is_d...

[2]: http://scholar.harvard.edu/rogoff/publications


http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions... is still a horrifyingly accurate portrayal of human behavior.


Isn't that what people say about the US dollar when you mention the long history of collapsed fiat currencies?




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