Two centuries of #bankfailures in a single chart... and the extraordinary period of stability between 1950 & 1970.
Whatever #bankers may claim about the 'problem' of regulation & the hand of the state, as @RichardJMurphy pointed out this morning - this is the period where Kenynsianism shaped public policy & delivered financial stability...
If you wanted an illustration of why #capitalism works best when it is regulated carefully, this would be it.

![Chart: Bank Failures [from 1800]; Countries with a banking crisis (% weighted by GDP, 3-year moving average_
Chart shows from 1800 regular spikes of banking crisis except for the two decades starting in 1950](https://files.mastodon.social/cache/media_attachments/files/110/094/090/251/748/963/small/2c5d974260c740d2.png)


