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The Speculation Economy by Lawrence E. Mitchell

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Why stop in 1919? The Roaring Twenties were only a year away. It would not be until late in that decade that Americans shifted much of their investment capital from bonds to stock and changed their investment styles from anticipating income to gambling for capital gains. It was not until the mid-1920s that the bull market really got going and collapsed into the Great Crash, one of the most spectacular and psychologically enduring events of American economic history. So one might say that my story remains incomplete.

I have two reasons ...

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