"In Australia there are not limits on what you can believe but there are limits on how you can behave. It's called the law, and no one is above it."

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Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that!

— Jeremy Grantham