On Bailouts and Economic Panic

“‘Tis surprising to see how rapidly a panic will sometimes run through a country. All nations and ages have been subject to them.”
-Thomas Paine, The American Crisis

No age or epoch of humanity has not eventually found itself the victim of its own base instincts.

Fear, greed, and panic spread through the body politic like a virus, with apparently little to stop them once again running their course.

This followed by talk of lessons learned – until the next time.

 

 

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