Detailed text transcripts for TV channel - FOXNEWS - 20100224:22:12:00
We should. now let me introduce you to somebody else from history. this is an economist you probably never heard of because he's been practically erased from the history books. he was a russian. his name was nikkeli kondrakia and is credited with popularizing -- it's so popular with the people i hang out with -- the wave theory on capitalism. 1925, writes a book major economic cycles. basically, the wave theory -- hang on, i need my pipe. the wave theory was a capit capitalism for pattern of ups and downs an long waves average 40 to 60 years. well they always show a turn-around. let me explain...
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