Two centuries of #bankfailures in a single chart... and the extraordinary period of stability between 1950 & 1970.

Whatever #bankers may claim about the 'problem' of regulation & the hand of the state, as @RichardJMurphy pointed out this morning - this is the period where Kenynsianism shaped public policy & delivered financial stability...

If you wanted an illustration of why #capitalism works best when it is regulated carefully, this would be it.