“…One of my research projects is on the Panic of 1907. In many ways, it resembles our recent economic crisis. For me, the most startling resemblance is the absolute fear that the monetary authority had about any contraction in the credit market.”
Excerpt from the blog post Nothing New Under the Sun
Brian C. Albrecht ’14 (Master in Economics)
PhD student at University of Minnesota
Read the full blog post on Brian’s blog, Econ Point of View.
image source: Wikipedia