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.


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