The Money Machine Quotes

“People like to speculate; even Sir Isaac Newton lost money in the South Sea Bubble. Without speculation, Britain would be a far less vibrant society. Fewer new businesses would be started and new products invented. Busts are a price worth paying, the creative destruction that allows an economy to start anew (Philip Coggan, 2009, page 193).”
― Philip Coggan, The Money Machine: How the City Works