Galbraith, J. K. 1954. The Great Crash (Boston: Houghton-Mifflin). 138: At any given time there exists an inventory of undiscovered embezzement. This inventory -- it should perhaps be called the bezzle -- amounts at any moment to many millions of dollars .... In good times people are relaxed, trusting and money is plentiful. But even though money is plentiful, there are always people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and bezzle increases rapidly. In depression all of this is reversed."
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
