The Financial Panic of 1837
So… we’ve done this before. It’s fascinating to me how much cleaner a comparison 1837 is to our present situation than the Great Depression is. Too bad Bernanke isn’t an expert on 19th century financial panics. Oh well. You lose some, you lose some.
Also fascinating to me are the similarities between the Jackson Administration and the Bush Administration. Bush was like an impotent Andrew Jackson. I want that comparison carved into his presidential library… maybe on a commemorative brick? Anybody want to make a donation? No? Even with that cowboy picture? Huh…
