Don’t panic

Born too late for the first American financial panic (1819), the old-timey library with the gravity operated clocks that honestly do say tick tock has weathered so many panics, recessions, and depressions since 1835 that we may be excused for looking at our watches and wondering in the midst of today’s financial hubbub if the next canal boat will get here in time to get us home for the debate. As a matter of fact, in 1837 the scrappy little board was faced with a thoroughly nasty panic that lasted for six years, but the young directors hung on, the membership grew, and the librarian bought books. Life endured. We will say that we have noted over the past 173 & 3/4 years that the posturing, fingerpointing, grandstanding, and spouting of nonsense associated with panics is as constant and predictable as the tides.

-Nemo Wolfe

Published in: on October 3, 2008 at 11:19 am  Leave a Comment  

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