Recessions and collapses happened long before the Fed ever existed, e.g. Tulips | Hacker News

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red-iron-pine on May 4, 2023 | parent | context | favorite | on: Shopify will be smaller by about 20% and Flexport ...

Recessions and collapses happened long before the Fed ever existed, e.g. Tulips

bichiliad on May 4, 2023 [–]

I think the Tulip Mania, if that's what you're referring to, was a speculation bubble, whereas a recession is widespread by definition.

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