It is often said that those who forget history are doomed to repeat it. But identifying the history that we might be foolishly repeating is no easy task. The past is littered with people drawing superficial or incomplete parallels and making bad decisions as a result. Trying to prevent something that isn’t really happening can lead down a rabbit hole of misunderstandings and mistakes.
Read moreWhy Do So Many People Hate Optimists?
Over the past four weeks, we’ve had a run of undeniably good news: the U.S. economic system appears to be on firm ground; more people have the pace of overall activity as measured by GDP is at the highest level in two years. And yet, an aura of unease still seems to hover over us.
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