Periodic US financial panics

The 38 Year Cycle in US Monetary History

“What first brought this cycle to mind was the mention of a ’40 year cycle’ from the Great Depression to today by an acquaintance named ‘Rasputin’ on a financial chatboard. What we like about this, the longer cycle of 38 years and some others, is that they involve what people call ‘generational memory.’ People as a group essentially forget the lessons of the past, and human nature being what it is, events based on bad judgement and reckless behaviour seem to recur at these intervals.”

 

2009

1971

1933

1895

1857

1819

Resolution of all these involved currency devaluation(inflation).

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  1. […] See the original post:  Periodic US financial panics « Wasatch Economics […]

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