“Maybe the reason the business cycle endures is the economy is solidly based on human nature. When things are going good, some human reactions occur: overconfidence, complacency, poor workmanship, greed, over expansion, mistakes; all bad and leading to a downturn. Then when things are going bad, there is a tendency to shape up and turn things around. Maybe that’s all there is to it.”
—Russell M Fowler.
