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Shadow Banking Crisis of 1763..Amazing similarities with Lehman crisis of 2008

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The more you think times have changed, the more they remain the same. Amazing econ history is.. I came across this paper by Atlanta Fed econs — Stephen Quinn and William Roberds.  It is  just amazing to note how similar things were way back in 1763.  One had pretty similar financial instruments in 1763 whose drying up […]

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