Well, the financial crash of 1929, while resulting in some good financial regulations being enacted, also created such levels of misery and want that people ended up thinking it to be a good idea to engage in the deadliest conflict in the history of mankind. Those who survived were left scarred for the rest of their lives. I think we should be wary of trying something like that again.
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yes, and some lessons were learned, but then we stopped learning and I think it will cost us more