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Nationality: American Type: Psychologist Born: September 27, 1913 Death: June 24, 2007 |
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
I can't think of anything more crushing than slowly, over time, realizing exactly how wrong you were about someone.

