Re:Debunking “America has become so anti-innovation – it's e...
by ska on Friday May 19, 2017 @02:00PM
(#14377982)
Ok, I don't have time to do this properly but as a first pass:
1) I think you are now narrowing quite a bit ".. mass-devleveraging ... interest rates"
2) Consider e.g. sovereign defaults of England and Spain in 14th, Roman bank collapses & liquidity issues - multiple times during both Roman and Byantize (will posit that many early issues are difficult to separate from wars, but there were fairly clear panic effects in iirc 3rd and 4th). Italian banks in 14th c. etc.
1) I think you are now narrowing quite a bit ".. mass-devleveraging ... interest rates"
2) Consider e.g. sovereign defaults of England and Spain in 14th, Roman bank collapses & liquidity issues - multiple times during both Roman and Byantize (will posit that many early issues are difficult to separate from wars, but there were fairly clear panic effects in iirc 3rd and 4th). Italian banks in 14th c. etc.