02-14-2017, 05:33 PM
There is also the possibility, that crisis-events just don´t have the same impact anymore, because societys have more anti-fragil in the last 70 years.
1929 a crash really meant a crash. 2008 it was obvious, that the goverments wouldn´t allow a repeat of 1929 and so they drowned the crash in money. This didn´t create a real healthy economy, but is still far better then the Great Depression.
1929 a crash really meant a crash. 2008 it was obvious, that the goverments wouldn´t allow a repeat of 1929 and so they drowned the crash in money. This didn´t create a real healthy economy, but is still far better then the Great Depression.