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

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

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

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

- Charles P. Kindleberger

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

- Charles P. Kindleberger