And you know, we did this in the Great Recession in 2008, 2009. And one of the things that really. Struck me that we and I thought a lot about was there's There is an economic theory that says you have a major financial panic on average every 70 to 80 years. because that's the time of a human lifespan. By the time you reach the 80. Year point, everyone who had any living. Memory of the prior failure, the risks. (49:10–49:18)
CLAIM
Asserts that financial panics occur every 70 to 80 years based on an economic theory.
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