Watch on YouTube History's most famous economics line is President Roosevelt's, The Only Thing to Fear is Fear Itself. The statement, supported by rich theory and clear facts, makes a mockery of economic self-styled soothsayers, no matter their media standing. The reason? Fear, particularly collective panic, is not predictable. This leaves the economy driven as much by psychology as by fundamentals.
Why the Economy is Unpredictable
Why the Economy is Unpredictable
Why the Economy is Unpredictable
Watch on YouTube History's most famous economics line is President Roosevelt's, The Only Thing to Fear is Fear Itself. The statement, supported by rich theory and clear facts, makes a mockery of economic self-styled soothsayers, no matter their media standing. The reason? Fear, particularly collective panic, is not predictable. This leaves the economy driven as much by psychology as by fundamentals.