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docrhw Weil's avatar

People have proposed many cycles of history and economics, some very short and others lasting for generations. It depends on what events and points one picks, though the large crises of (roughly) 1770, 1860 and 1930 do line up pretty well. Perhaps it is because new generations arise and don’t have direct experience with past events and solutions. Near the end of his life, my father, 1900-1990, who had several decades of experience on Wall Street, was upset about Reagan’s economic policies. One day he said, “Doesn’t anybody remember the Depression?” “No,” my mother replied, “Nobody is alive from then.” Harsh but often true of many things. If the lessons learned in the occupations of Germany and Japan had been used in the disasters of Iraq and Afghanistan maybe those would have gone a little better. But there was nobody left to ask, and the current people with “the answers” probably wouldn’t have listened anyway.

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DeeDee D's avatar

Incredible look at our 80 year cycles. Thank you so much. If the Past is prologue I pray Democracy wins another time.

Thank you even more for beginning your recovery. Hope its an easy one. 🙏🏼

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