March 21, 2015

Everything We Like Is Junk

Martin Munkacsi
Untitled (hippopotamus), c.1929

Excerpt below from Devil Take The Hindmost: A History of Financial Speculation by Edward Chancellor, published 2000 by Plume:

Defending his bonds, he (Michael Milken) declared: "Everything we like is junk, junk food, junk clothes, junk records. Everything that stands the test of time is junk."

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