The moment people recognize that they have unwittingly exposed themselves to undisclosed risks and begin to take action to protect themselves is the definition of boom-and-bust cycles—'everything was great, oh it isn't, and away we go.'

definitionpending

Speaker

William White

Evidence Quote

the minute people begin to appreciate the dangers that they have unwittingly exposed themselves to and then they start to do something about it. That's... the definition of boom and bust.

Source

Former Chief Economist (BIS) Explains Monetary EndgameReinvent Money
Created: 8/11/2026, 7:24:53 AM

My Notes

Loading notes...