"The turn of the credit cycle and the rise of American protectionism was the same combination that led to the Wall Street crash in 1929-32 & the depression that followed. History is rhyming, though few connect the dots." #QotD

"The turn of the credit cycle and the rise of American protectionism was the same combination that led to the Wall Street crash in 1929-32 and the depression that both accompanied and followed it. Those who follow statistics are now seeing the depressing evidence that history is rhyming, though they have yet to connect the dots."
          ~ Alasdair McLeod, from his post 'For those who don’t understand inflation'
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