Wednesday, February 1, 2012

Quote of the Day (Charles Mackay, on Nations as ‘Desperate Gamblers’)


"Money…has often been a cause of the delusion of multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper…. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."--Historian Charles Mackay, Extraordinary Popular Delusions and The Madness Of Crowds (1841)

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