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Seattle Bubble Forum Archive • View topic - Book about the 1929 crash

Book about the 1929 crash

How will housing affect the US and world economy? How will the economy affect housing?

Moderators: synthetik, The Tim, Lake Hills Renter

Book about the 1929 crash

Postby anamik » Tue Dec 11, 2007 2:27 pm

I found a link to a book called "The Bubble that broke the World" about the 1929 crash while reading the comments to Roubini's latest missive. Some passages from the book are strikingly relevant:

"Second, a social and political doctrine, now widely accepted,
beginning with the premise that people are entitled
to certain betterments of life. If they cannot immediately
afford them, that is, if out of their own resources
these betterments cannot be provided, nevertheless people
are entitled to them, and credit must provide them. And
lest it should sound unreasonable, the conclusion is annexed
that if the standard of living be raised by credit,
as of course it may be for a while, then people will be
better creditors, better customers, better to live with and
able at last to pay their debts willingly."


Thought readers here would find it useful:

anamik
Bubble Watcher
 
Posts: 14
Joined: Fri Sep 28, 2007 4:38 pm

Historical Perspective

Postby SeattleMoose » Sat Dec 15, 2007 4:33 pm

SeattleMoose
Bubble Bloviator
 
Posts: 225
Joined: Sun May 06, 2007 7:26 am

Postby anforowicz » Sun Dec 16, 2007 8:40 pm

anforowicz
Bubble Watcher
 
Posts: 42
Joined: Mon Apr 02, 2007 12:02 pm


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