2 ms·This is the OPPOSITE of the truth. Boom and bust cycles were much worst in the pre-central bank world.by cortesoft 3y agoThis is the OPPOSITE of the truth. Boom and bust cycles were much worst in the pre-central bank world.toenail 3y agoAre you saying the global financial crisis was MUCH smaller than previous busts?Ekaros 3y agoI would say that... Sure stock values and other over valued assets dropped. But how many people actually starved to death?