Really Nothing New

I am reading an old book, published in 1833. It is an examination of the Financial Crisis of 1825. Except for some archaic words, it reads like something you could have read in the past few weeks. They didn’t have the modern names for things, but they had all the modern issues: inflation, deflation, the reliability of money, the failure of banks, the proper role of government. It goes on and on. We have, I’m afraid, learned very little in almost 200 years.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: