Eight hundred years of financial folly | vox - Research-based policy analysis and commentary from leading economists: "In the context of the last thirty years, the present period appears to be unlikely to produce a wave of sovereign debt defaults. But a new database spanning eight centuries reveals that history has many lessons for those studying financial crises. Contrary to conventional wisdom, today may not be very different.
History is indeed little more than the register of the crimes, follies, and misfortunes of mankind. – Edward Gibbon1"
