When you see reference to a new paradigm you should always, under all circumstances, take cover. Because ever since the great tulipmania in 1637, speculation has always been covered by a new paradigm. There was never a paradigm so new and so wonderful as the one that covered John Law and the South Sea Bubble - until the day of disaster.
"Galbraith on Crashes, Japan and Walking Sticks" by Ben Laurance and William Keegan, The Observer, June 21, 1998.
