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Far from being the product of a democratic revolution and of an opposition to English institutions, the constitution of the United States was the result of a powerful reaction against democracy, and in favor of the traditions of the mother country. ↗
Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by cheap credit, going back as far as 1982 (though subject to interruptions in the mid-1980s and 1990s, and in 2001), came to grief because of a rise in the cost of borrowing money. ↗
