• @[email protected]
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    fedilink
    241 year ago

    If you look, historically there was a big crash every ten years or so prior to the great depression. Then a whole bunch of financial reforms and regulations were put into place and we had about forty years of relative stability. And then in the 80’s and 90’s most of them were thrown out. And fuck me if we aren’t back to a regular cadence of crashes.

    Something something history doomed something…

    • @Burn_The_Right
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      91 year ago

      Hmmmm… Now what was it that happened in the 80’s that sparked all the de-regulation that caused the recessions? If I could just put my finger on it…

      • Flying Squid
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        81 year ago

        When it comes to America, almost everything wrong can be pointed to the actions of one guy between 1980 and 1988.