This is contrary to the historical experience of the United States in the 19th and early 20th century. For example, https://en.wikipedia.org/wiki/Panic_of_1873

This is contrary to the historical experience of the United States in the 19th and early 20th century. For example, https://en.wikipedia.org/wiki/Panic_of_1873 https://en.wikipedia.org/wiki/Panic_of_1873.