I do remember that crisis from the 1980s and it was one of the economic troubles I had in mind when writing my post. Schools don't emphasize economic history enough. I remember that in high school and college American history courses barely any mention of the various panics (which what these kinds crises were called before the great depression) and very little of the recessions that followed (a term that ended up replacing panic). Only the great depression gets much mention, and that's only because of the sesmic political change that resulted from it. The politics of it get more focus than the actual economic causes. Economics are incredibly important, yet most seem to shove it aside like an old unwanted car. Everyone wants to believe that we finally have become smart enough to overcome the economic cycle of boom and bust. I'd like to think that to really be the case, too. But after seeing it happen again and again I know better than to fall into that trap. Weve become better at managing the worst of those cycles, but I don't think they'll ever go away entirely.