Debasement was limited at first to one’s own territory. It was then found that one could do better by taking bad coins across the border of neighbori…

- Charles P. Kindleberger

What matters to us is the revelation of the swindle, fraud, or defalcation. This makes known to the world that things have not been as they should ha…

- Charles P. Kindleberger

The first derivative is the last refuge of a scoundrel.

- Charles P. Kindleberger

There is nothing so disturbing to one's well-being and judgment as to see a friend get rich

- Charles P. Kindleberger

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, dri…

- Charles P. Kindleberger

The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to the di…

- Charles P. Kindleberger

Much of the profession is empirically bankrupt because it is no longer taught economic history.

- Charles P. Kindleberger

Money is a public good; as such, it lends itself to private exploitation.

- Charles P. Kindleberger