book
This Time Is Different: Eight Centuries of Financial Folly
Reinhart, Carmen M., and Kenneth S. Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press, 2009.
Why this matters here
Reinhart and Rogoff's This Time Is Different surveys eight centuries of financial crises and the recurring claim that present conditions make prior lessons obsolete. The Economy We Don't Experience reads many economic guardrails as memory crystallized into rules after panics revealed fragility—protecting the system's survival story without erasing what resilience cost people while it held.
