Yeah, these days we only have existential risk to our system via structural contagion twice per decade. Good thing we moved past that era!
Those issues were real and went o longer than they needed to but also weren't as deeply structural as the issues today. Our issues are different but not better.
I don’t know what you would consider “deeply structural,” but not having influence over the money supply seems fairly structural. Going back further, the issues are larger: not having a central bank, not having a single currency, no deposit insurance, etc.
Those issues were real and went o longer than they needed to but also weren't as deeply structural as the issues today. Our issues are different but not better.