{"id":11715,"date":"2010-07-11T19:00:16","date_gmt":"2010-07-11T17:00:16","guid":{"rendered":"http:\/\/mono-1en-2446"},"modified":"2025-06-25T20:26:51","modified_gmt":"2025-06-25T18:26:51","slug":"a-1000-years-of-economic-bubbles-panics-and-collapses-shows-that-investors-always-think-this-time-is-different","status":"publish","type":"post","link":"https:\/\/monochrom.at\/blog\/2010\/07\/11\/a-1000-years-of-economic-bubbles-panics-and-collapses-shows-that-investors-always-think-this-time-is-different\/","title":{"rendered":"A 1000 years of economic bubbles, panics, and collapses shows that investors always think &#8216;this time is different&#8217;"},"content":{"rendered":"<p>Oh really?<\/p>\n<blockquote><p>The advertisement warns of speculative financial bubbles. It mocks a group of gullible Frenchmen seduced into a silly, 18th-century investment scheme, noting that the modern shareholder, armed with superior information, can avoid the pitfalls of the past. One frame flashes a search bar suggesting you can <a href=\"https:\/\/bitcoinist.com\/crypto-gambling\/bitcoin-casinos\/\">discover all details about crypto casinos<\/a> before investing\u2014another nod to the illusion of perfect knowledge. &#8220;How different the position of the investor today!&#8221; the ad enthuses.<\/p>\n<p>It ran in The Saturday Evening Post on Sept. 14, 1929. A month later, the stock market crashed.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/07\/04\/business\/economy\/04econ.html?pagewanted=all\">Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oh really? The advertisement warns of speculative financial bubbles. It mocks a group of gullible Frenchmen seduced into a silly, 18th-century investment scheme, noting that the modern shareholder, armed with superior information, can avoid the pitfalls of the past. One frame flashes a search bar suggesting you can discover all details about crypto casinos before &#8230; <a title=\"A 1000 years of economic bubbles, panics, and collapses shows that investors always think &#8216;this time is different&#8217;\" class=\"read-more\" href=\"https:\/\/monochrom.at\/blog\/2010\/07\/11\/a-1000-years-of-economic-bubbles-panics-and-collapses-shows-that-investors-always-think-this-time-is-different\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"koromo_page_header":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-11715","post","type-post","status-publish","format-standard","hentry","category-english-blog","koromo-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"_links":{"self":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post\/11715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post"}],"about":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/comments?post=11715"}],"version-history":[{"count":2,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post\/11715\/revisions"}],"predecessor-version":[{"id":13329,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post\/11715\/revisions\/13329"}],"wp:attachment":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/media?parent=11715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/categories?post=11715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/tags?post=11715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}