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Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

3940.694 - 3967.936 Doyne Farmer

Well, I mean, I think it is inevitable there will be one. You know, you just look through the history of economies, they happen regularly. Before we instituted the Federal Reserve in 1913, the US on average had a financial crisis of some form about every seven years. And now, since we did the Federal Reserve, They're less frequent, but the ones we've had have been doozies.

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