The Source: Financial Meltdowns Aplenty
Economic busts role through the centuries debilitating states along with them. The Roman Empire of Emperor Severus in the third century collapsed in no small part due to economic depression. The United States has experiences several busts from its inception to the 2008 financial meltdown.
Speculation drives bubbles or financial fevers -- until the bottom falls out. Unsustainable highs that have wreaked havoc on communities across the globe are stunningly regular as detailed in the new book, "Money Mania: Booms, Panics, and Busts from Ancient Rome to the Financial Meltdown."
Is there a predictable cycle of panic? Why don't we ever learn?
- Bob Swarup, author of the Book "Money Mania"
*This is the second segment in the March 18 edition of The Source, which airs at 3 p.m. on KSTX 89.1 FM -- audio from this show will be posted by 5:30 p.m.