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Title: Extraordinary Popular delusions and the Madness of Crowds
Review: This book discusses a number of bubbles. Mostly in the 17th and 18th centuries. it is applicable to more current bubbles such as the Clinton DOT COM . The Housing bubble created by Messrs Franks and dodd.Other financial messes such as the power crisis caused by the state of California stepping in and forcing rules on the power pricing/Enron failure.More importantly, it is applicable to today and the printing presses running wild at the behest of our government in Washington. pushing for more and more social programs which won't be financially sustainable.All good ideas have within them tragic flaws. If it sounds too good to be true - it is.A great read and it's available in hard and soft backed editions.thanks,
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