Quotation of the day comes from Robert Solow, in his introduction to the forthcoming new edition of [amazon_link id=”0230575978″ target=”_blank” ]Manias, Panics and Crashes: A History of Financial Crises[/amazon_link] by Charles Kindleberger and Robert Aliber. He writes: “Large quantities of liquid capital sloshing around the world should raise the possibility that they will overflow the container.” A thumbnail diagnosis of the recent Great Financial Crisis.

[amazon_image id=”0230575978″ link=”true” target=”_blank” size=”medium” ]Manias, Panics and Crashes: A History of Financial Crises[/amazon_image]