2008-12-20

History Mirroring The Present

Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry 'em down;
Divide the empty nothing into shares,
And set the crowd together by the ears.

Daniel Defoe

I'm not sure when Dafoe wrote this poem (he lived in the late 17th-to early 18th century) but it sure resonates given the state of contemporary business affairs.

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