Yeah agreed I would like to see back to the robber baron era and particularly around the run up to the crash in 29 and the aftermath of that. It seems like every time there’s a big crash you see a huge movement of capital siphoned up into the upper % in the aftermath.
its been going for awhile though and I sometimes wonder if we have these systems that are really good at keep the house of cards from falling but never really fix anything.
Yeah agreed I would like to see back to the robber baron era and particularly around the run up to the crash in 29 and the aftermath of that. It seems like every time there’s a big crash you see a huge movement of capital siphoned up into the upper % in the aftermath.
yeah I feel like roaring twenties are the closest thing to recent times.
Yeah I see a lot of parallels for sure, which is concerning because the 30s and 40s were pretty fucked up.
its been going for awhile though and I sometimes wonder if we have these systems that are really good at keep the house of cards from falling but never really fix anything.