But financial crises follow a rhythm of boom and bust through the ages. Countries, institutions, and financial instruments may change across time, but human nature does not. . . .Technology has changed, the height of humans has changed, and fashions have changed. Yet the ability of governments and investors to delude themselves, giving rise to periodic bouts of euphoria that usually ends in tears, seems to remain a constant.
-from the beginning and end of the Reinhart and Rogoff tome, This Time Is Different: Eight Centuries of Financial Folly
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