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During the bubble (and during the early bust, when people still believe that happy times can come again if just the "organised support" - read: Large-scale manipulation - arrives in time), people do not mind manipulations, as long as they think they have a chance to get in on the action.

Galbraith has (as usual) a couple of pithy quotes about that, but my copy of The Great Crash of 1929 is at a friend's house right now...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jul 14th, 2009 at 04:47:14 PM EST
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