Monday, November 30, 2009

News from 11/30/09 That is 1909 not 2009!

TimesMachine - New York Times

11/30/09--that is Monday November 30, 1909 (100 years ago.)

From the NY Times Timemachine:

Who was speaking? Senator Nelson Aldrich (R of NY).
"...until human nature is changed, it will be impossible to prevent, either by legislation of otherwise, periods of overspeculation with undue inflation of values and overextension of credit."

Wow. 100 years later and it sounds the exact same. Interestingly the article goes on to discuss what became the Fed.

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