Economic Catastrophes You have Never Heard of — Market Mad House
Popular mythology teaches that the economy is usually stable but permeated by the occasional Bubble or panic. In reality, the economy is chaotic and unstable, and history is made by constant economic catastrophes.
Accordingly, history is full of economic catastrophes you have never heard of. Studying these catastrophes will teach you that the economic stability we value is a comforting illusion.
However, many of those economic catastrophes are fascinating and entertaining. A few interesting…