🇿🇦 South Africa
1d ago
Piet Viljoen: Be careful who you listen to, especially economists
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Nine days before the 1929 crash, Irving Fisher declared stocks had reached “a permanently high plateau”. On the eve of the same crash, Keynes told a Swiss banker there would be no more crashes in his time. Piet Viljoen relishes that one. The Re:CM founder believes the wrong economist won the argument. Hayek warned that cheap money and endless bailouts keep weak businesses alive. Keynes’s heirs run the system anyway, and this year’s Nobel went to two more of them. Nice to know the copy of The Roa
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