RBA on Reflexivity in Economic Systems

“It comes down to psychology. If everybody thinks there’s a crisis, then there will be a crisis. If people don’t think there will be a crisis, then there won’t be a crisis.”

– Professor Warwick McKibben, Reserve Bank of Australia Board Member, “trying to snuff out financial panic” quoted in The Age Newspaper April 15th 2008

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RBA on Reflexivity in Economic Systems

“It comes down to psychology. If everybody thinks there’s a crisis, then there will be a crisis. If people don’t think there will be a crisis, then there won’t be a crisis.”

– Professor Warwick McKibben, Reserve Bank of Australia Board Member, “trying to snuff out financial panic” quoted in The Age Newspaper April 15th 2008

Sorry, comments are closed for this post.