About the Great Depression: "At least in part, the Great Depression was caused by underlying weaknesses and imbalances within the U.S. economy that had been obscured by the boom psychology and speculative euphoria of the 1920s. The Depression exposed those weaknesses, as it did the inability of the nation's political and financial institutions to cope with the vicious downward economic cycle that had set in by 1930."
(Via University of Illinois at Urbana-Champaign.)
Damn but this sounds a lot like the past 20 years.
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