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Crypto-sceptic Molly White could be the new JK Galbraith… just much tougher

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theguardian.com

In 1955, the economist John Kenneth Galbraith published a slim volume entitled The Great Crash 1929, a history of the Wall Street crash.

In it, he chronicled, with his customary caustic wit, the rampant speculation that led to the catastrophe and its striking resemblance to all speculative bubbles in one key respect: speculators’ endearing belief that they can become rich without doing any work.

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