Short time preference? What make you think it will not happen again? look's like history tends to repeat itself.

supratic

A parallel between then and now is in the roaring twenties there was speculation on pretty much everything under the sun. People took excessive risk and made tons of money - once the great depression came, people were not prepared due to the decade long spree of easy money.

Photography

The Bankers' Depression of the 1930's

A parallel between then and now is in the roaring twenties there was speculation on pretty much everything under the sun. People took excessive risk and made tons of money - once the great depression came, people were not prepared due to the decade long spree of easy money. 