
SLP387 Tuur Demeester - How Does The Panic of 1907 Relate to Bitcoin?
Stephan Livera Podcast
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The Growth of the US
Growth had been incredible in the us. We've had so much growth, people are starting to assume that we're going to continue growing. That's where the leverage comes. And when people get greedy, and they do, they're less diligent with their research. The public at large was resentful these what they saw as profiteers of the crisis. They apparently thought it was a better idea for the government to be like the final backstop. This is how the federal reserve was founded. If you look at the original federal reserve act of 19 13, the literal first agraph is talking about the panic of 19 o seven and what happened,. So i think thereis an important
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