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1 of 1 people found the following review helpful:
5.0 out of 5 stars
Learn from history, don't relive it,
By Peter Thornhill (Sydney, NSW Australia) - See all my reviews
This review is from: The Land Boomers: The Complete Illustrated History (Paperback)
This is a lesson for us all. With policy makers around the world relying on property as a prop for economic activity moral hazard abounds. Property has never created wealth. It is a manifestation of wealth created doing something productive. The fact that we never learn "this time will be different" means we are doomed to repeat. The property crash, when it comes, will be slow to surface because of illiquidity but it will be more devastating than any sharemarket crash because of the sheer weight of capital involved.
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The Land Boomers: The Complete Illustrated History by Michael Cannon (Paperback - May 1, 1995)
Out of stock
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