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But now, no entity is playing the filter bubble crisis more than Facebook itself.
They also relate to the South Sea Bubble crisis of 1720, the Napoleonic and Crimean wars and the Irish potato famine.
Some have called the nation's soaring college debt load a "ticking bomb" -- a new bubble crisis threatening young adults, their families and the broader economy.
In the mortgage bubble crisis, pretty much everyone was asleep at the switch, relying on triple A ratings and other "objective" indicia of stability when any alert person would see that the loans were garbage. .
Sir Abraham Elton, 2nd Baronet, and his son Sir Abraham Elton, 3rd Baronet, were also Sheriff and Mayor of Bristol in their time, and the second Baronet was also MP for Taunton 1722 1727, succeeding to his father's seat of Bristol in 1727 until his own death in 1742, despite being nearly ruined in the South Seas Bubble crisis.
It is also reasonable to assume that this rapid transition at the end of 2001 might have been a consequence of the "dot-com" bubble crisis, combined with the traumatic events which took place in the U.S. at the beginning of the decade and the outcome of the rapid interest cuts [39] and other financial policies employed to overcome the fallout effect of those.
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History has shown that no major economy has grown into maturity without bubbles, crises and possibly even civil strife or civil wars along the way.
No one can be sure where the next bubble or crisis will come from or, as a result, how to prevent it.
Many of us have revisited (or discovered) Mr Minsky in our search for an overarching explanation for the bubble and crisis.
In 1853, the then chancellor William Gladstone consolidated the capital stock of the South Sea Company which had collapsed in the infamous South Sea Bubble financial crisis of 1720.
Economists have actually written entire long books about how maybe things actually did have to be this way, because of the financial bubble and crisis that bankers created, but who is counting?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com