Also, they're not white and not rich.
Apart from that - yes.
A veritable Ponzi scheme of gulls.
People wanted to be deceived. Both the mutual fund managers and the widows and orphans did.
However, the time had come, as in all periods of speculation, when men sought not to be persuaded of the reality of things but to find excuses for escaping into the wide new world of fantasy.
- Galbraith, The Great Crash of 1929 If you only spend 20 minutes of the rest of your life on economics, go spend them here.
