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For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.

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Katy Perry

They think that I was like Amy Grant, when actually no! The label went bankrupt and maybe sold a couple hundred records and that's about it. I was just trying different things.