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Crash and Burn Economics

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We all know the positive side of our economic history. Our current financial system has enabled an industrial age which has proved to be the most impressive wealth creation machine in human history, at least for those countries that adopted industrialization early on. However, the financial markets also have an unfortunate tendency to hurtle forward like a runaway train, careening into valleys of unpredictable recession, then chugging up hills of new opportunity, only to derail at the slightest bend in the track.
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Document Type: Research Article

Publication date: April 1, 2011

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