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That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequen
by jtode 4y ago
That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequent:
https://www.federalreservehistory.org/essays/banking-panics-of-the-gilded-age https://www.federalreservehistory.org/essays/banking-panics-...
And the creation of the federal reserve was in reaction to this.
Our contemporary love of deregulation is the most regressive and self-destructive push back into the bad old days I have ever witnessed. Texas, with their blackouts and water shutdowns, are showing America their future, and about half of the country seems to think that's a coming paradise.
I stopped trying to understand it years ago, for the most part. Other than through the facile P.T. Barnum framework, which I don't consider constructive or useful, as much as it seems to be true.
- capableweb 4y ago> That list is extremely incomplete, and makes it seem like bank runs are happening more lately than ever before. In the 19th century and before they were frequent: Yeah, that might be. I'm not making any claim that bank runs are less frequent now than they used to be or vice versa. I'm just showing that the claim "runs don't happen" isn't true.