I have been handing out these mugs to a few lucky, lucky, lucky readers. The image is a political cartoon about the South Sea Bubble - the credit crisis of its time. A couple of the mug recipients have asked for more info on the South Sea Bubble and I've just discovered that the Harvard Business School Library has a great collection of South Sea Bubble-ania. So, I'm posting to give you a link to it. May I also draw attention to the excellent quotes chosen: "Tis a Long Pudding Which Has Not an End."
*These figures alone will enable the economic historian of the future to describe the unhealthy prosperity of 1929 and the inevitable grief and suffering that followed in the succeeding years--grief and suffering that overwhelmed and carried away not merely the speculative gains of those who participated in the speculative debauch ... but eventually the operating profits of every business in the country no matter how unrelated to stock exchanges.
Sam Rayburn's introdution to H.R. Rep 73-1383, 73rd Cong. 2nd Sess. 1934, 1934 WL 1290
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