Boom & Bust
The following audio clip is excerpted from the BackStory episode “Panic!: A History of Financial Crisis.” You can listen to the entire episode here.
Economic historian Michael Bernstein explains the difference between the Great Depression and the myriad financial panics of the 19th century, as well as the amnesia that ignores the realities of the business cycle.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Excerpted from: Panic!: A History of Financial Crisis
Podcast: Play in new window | Download
