https://www.federalreservehistory.org/essays/banking-panics-...
And the creation of the federal reserve was in reaction to this.
Our contemporary love of deregulation is the most regressive and self-destructive push back into the bad old days I have ever witnessed. Texas, with their blackouts and water shutdowns, are showing America their future, and about half of the country seems to think that's a coming paradise.
I stopped trying to understand it years ago, for the most part. Other than through the facile P.T. Barnum framework, which I don't consider constructive or useful, as much as it seems to be true.
Yeah, that might be. I'm not making any claim that bank runs are less frequent now than they used to be or vice versa. I'm just showing that the claim "runs don't happen" isn't true.
There is a list of bank runs on Wikipedia for more information: https://en.wikipedia.org/wiki/List_of_bank_runs
Comment threads frequently switching (without notice) between US-only topics and worldwide topics, so sometimes it's hard to know which is which. In this case, I thought the topic was international and didn't grasp your comment was talking US-only.