Irving Fisher in 1929

Steven Welzer
Feb 26, 2024

He was a highly regarded Yale economist.

After he said the stock market had achieved a “permanently high plateau” stocks proceeded to lose 90% of their value over the ensuing three years.

(what in the news article is called an “investment trust” we would now call a mutual fund)

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Steven Welzer

The editor of Green Horizon Magazine, Steve has been a movement activist for many years (he was an original co-editor of DSA’s “Ecosocialist Review”).