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GS was a bad example anyway; my main point was that we achieved financial system stability for a long period, correlated with financial system regulation.
by pjmorris 9y ago
GS was a bad example anyway; my main point was that we achieved financial system stability for a long period, correlated with financial system regulation.
- ch4s3 9y agoI mean, there was a huge slump in the 70s with the oil crisis and other factors leading to stagflation. https://www.investopedia.com/articles/economics/08/1970-stagflation.asp https://www.investopedia.com/articles/economics/08/1970-stag... Sensible regulation will buy us a lot, but you can't prevent people from doing big stupid things forever.
- runeks 9y ago> […] my main point was that we achieved financial system stability for a long period […] What period was that, exactly?
- pjmorris 9y agoFor the US, approximately 1930-2000. Have a look at the 20th century list of financial crises on Wikipedia [0], and filter for US banking. [0] https://en.wikipedia.org/wiki/List_of_economic_crises https://en.wikipedia.org/wiki/List_of_economic_crises