Lessons from The Great Depression

The risks of gambling in speculative frenzies and depending on serial asset bubbles continuing forever are easily observable, yet few act to reduce these risks.

Longtime correspondent Ishabaka recently shared key takeaways from a classic on-the-ground account of The Great Depression in the U.S.:, The Great Depression, a Diary.

Another reader reminded me that The Great Depression was global, and occurred earlier that 1929 in other nations and had equally (or even more) calamitous consequences elsewhere. That said…