|
Written by Jeremy Grantham via "Outside the Box"
|
|
Tuesday, 01 February 2011 01:00 |
About 100 years ago, the Russian physiologist Ivan Pavlov noticed that
when the feeding bell was rung, his dogs would salivate before they saw the
actual food. They had been “conditioned.” And so it was with “The Great
Stimulus” of 2008-09.
|
