Here's a vanity post, put out there in hopes of illumination. It strikes me that there's been a major financial crisis every 50-70 years in the US, and similar crisies in English history. Of course, that statement depends on how one defines a "financial crisis," but, putting that definition aside, it does seem that something happens on a pretty cyclical basis every other generation or so. It might be that each financial crisis occurs as the young men who lived through the last crisis die off, taking their experience with them. For example, it appears we're just living through the...