The quest for easy money perpetuates the cycle of financial euphoria and collapse from "summary" of A Short History of Financial Euphoria by John Kenneth Galbraith
The quest for easy money is a common thread that runs through the history of financial euphoria. People have always been drawn to the promise of quick and substantial wealth, often at the expense of prudence and caution. This desire for easy money fuels the speculative fervor that underlies many financial bubbles. When individuals believe that they can make a quick profit with little effort, they are more likely to engage in risky behavior. This mentality can lead to a disregard for fundamental economic principles and a willingness to overlook warning signs of impending collapse. In the pursuit of easy money, rational decision-making often takes a backseat to greed and speculation. The cycle of financial euphoria and collapse is perpetuated by the belief that easy money is always within reach. As prices rise and profits accumulate, individuals bec...
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