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A comment on US Business Booms and Depressions Since 1775 (1943). Parent comment

Re:US Business Booms and Depressions Since 1775 (1943) by lurking15 on Tuesday May 21, 2024 @03:52PM (#40433040)
You realize Canal Mania & Railway Mania happened during eras where interest was artificially low below the historical rate of 7~8%?
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Re:US Business Booms and Depressions Since 1775 (1943) by throw0101d on Tuesday May 21, 2024 @04:03PM (#40433174)
> You realize […]

I realize that the two manias were forms of speculation, and that getting overly excited about things seems to just be a thing humans tend to do.

* https://en.wikipedia.org/wiki/Technological_Revolutions_and_...

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Re:US Business Booms and Depressions Since 1775 (1943) by lurking15 on Tuesday May 21, 2024 @04:10PM (#40433259)
> that getting overly excited about things seems to just be a thing humans tend to do

human nature is to avoid discipline when they're comfortable and set the stage for a bubble & contraction, exactly what happens with artificially low interest rates and speculations like the manias you brought up

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