Stock prices have reached what looks like a permanently high plateau.
More Quotes from Irving Fisher:
The rate of interest acts as a link between income-value and capital-value.Irving Fisher
The effort of the economist is to 'see,' to picture the interplay of economic elements. The more clearly cut these elements appear in his vision, the better the more elements he can grasp and hold in his mind at once, the better. The economic world is a misty region. The first explorers used unaided vision. Mathematics is the lantern by which what before was dimly visible now looms up in firm, bold outlines. The old phantasmagoria disappear. We see better. We also see further.
Irving Fisher
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