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The GM strike marches on

Sep 20, 2019

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What Orson Welles and "War of the Worlds" taught us about economic panic

by David Brancaccio Oct 31, 2018
About 80 years ago, a radio dramatization of an alien attack spread panic through the airwaves. That sense of fear can also manifest itself in the world of economics.
Orson Welles (1915 - 1985), American actor, producer, writer and director. In 1938 his radio production of H G Wells's "The War of the Worlds" caused panic.
Central Press/Getty Images

What Orson Welles and "War of the Worlds" taught us about economic panic

by David Brancaccio Oct 31, 2018
About 80 years ago, a radio dramatization of an alien attack spread panic through the airwaves. That sense of fear can also manifest itself in the world of economics.
Orson Welles (1915 - 1985), American actor, producer, writer and director. In 1938 his radio production of H G Wells's "The War of the Worlds" caused panic.
Central Press/Getty Images

How the Panic of 1837 predicted the Great Recession

by David Brancaccio Apr 26, 2017
Going into the Panic of 1837 the market was booming and credit was flowing from banks. Sound familiar?
“We haven't sorted out whether we want to be a country based primarily for the individual or for the society as a whole, and that really does stem back at least to the 19th century and probably even earlier than that,” said Philip Gura, author of the book, “Man’s Better Angels.”
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