Too Big to Fail, 1873 style

[handworn]

I recently picked up an 1888 copy of Walter Bagehot's classic Lombard Street: a Description of the Money Market. It's excellent. Bagehot was the second editor of The Economist, and it's both interesting and impressive that its clarity of writing and thinking dates back at least to him. The book first came out in 1873. This passage strikes me as

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[madwriter]

History does seem to keep coming back whether we want it to or not.