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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: “This Time it is Different”||Date: 10/5/2012 6:20 AM|
|Author: MadCapitalist||Number: 405328 of 514418|
there were important regulations making the banking industry more unstable by making it less responsive to rapidly changing liquidity needs.
And those regulations were?
Read TinyArchibald's post on the subject. He goes on to explain some of the interventions.
"One of the great ironies is that big-governments boosters such as yourself wrongfully belief that the U.S. had a relatively free-market banking system during the 19th century. Quite the opposite, especially during the post-Civil War era under the auspices of the National Banking Act. This era was among the most concentrated in the nation's history in terms of banking/liquidity panics."
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