Great Krugman Article
Worth re-reading: a mid-1998 piece by Paul Krugmann: The Ice Age Cometh.
…suppose that, for whatever reason, the market goes up month after month; your MBA-honed intellect may say “Gosh, those P/Es look pretty unreasonable”, but your prehistoric programming is shrieking “Me want mammoth meat!” - and those instincts are hard to deny.
15 January 2003 7:57 am

