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Gradually and Then Suddenly

Posted on July 18, 2017

“How did you go bankrupt,” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” “What brought it on?” “Friends,” said Mike. “I had a lot of friends.” ― Ernest Hemingway, The Sun Also Rises (1926) What do socialism and modern monetary policy have in common? Magical thinking. For both, it’s true on the giddy […]