如果你还没读过的话，我建议读读《This Time is Different》。事实证明，我们当下的处境并非独一无二，其实就是一次相当经典的普通（vanilla）金融危机。核心要素如出一辙：人为支撑经济的巨额赤字导致泡沫……
If you haven't already, I'd suggest reading This Time is Different. It turns out that our current situation isn't unique, and is in fact a pretty vanilla financial crisis. The elements are the same: large deficits that artificially prop up the economy causing a bubble,…
真希望这本书能成为政客们的必读书目：Carmen Reinhart 和 Kenneth Rogoff 写的《This Time is Different: Eight Centuries of Financial Folly》http://www.reinhartandrogoff.com/。他们拿出了一个海量数据集——跨越数百个政府、横跨 8 个世纪的数据——并且发现……
I wish this book were required reading for politicians: This Time is Different: Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff http://www.reinhartandrogoff.com/ They take a MASSIVE dataset - 8 centuries of data across hundreds of governments - and find…
理解加密货币有个很有用的资料：《This Time Is Different: Eight Centuries of Financial Folly》，平装版，2011年，作者：Reinhart & Rogoff。
Here's one useful resource to understand crypto: "This Time Is Different: Eight Centuries of Financial Folly", paperback, 2011, authors: Reinhart & Rogoff.
我建议读读 Carmen M. Reinhart 和 Kenneth Rogoff 写的《This Time Is Different: Eight Centuries of Financial Folly》。虽然偏学术化，但这是我见过的最接近回答这个问题的书了。
I would suggest reading This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth Rogoff. It is quite academic, but it comes the closest to answering this question that I have ever seen.
> 虽说衰退很常见，但我觉得这次会不一样。
所以这次不一样（this time it's different）？你可能会对《This Time Is Different: Eight Centuries of Financial Folly》这本书感兴趣：
> 贯穿整个人类历史，无论是富国还是穷国，都在借贷、举债、崩盘——以及复苏——经历着各种令人称奇的金融危机……
> While recessions are normal, I don't think this one will be. So this time it's different? You may be interested in the book This Time Is Different: Eight Centuries of Financial Folly: > Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial…
这可以说是该领域的权威著作：《This Time is Different: Eight Centuries of Financial Folly》（http://www.amazon.com/This-Time-Different-Centuries-Financia...）。《巴伦周刊》评价道：“这是一部涵盖了波及 66 个国家的金融危机的量化分析力作……
This is supposed to be the definitive book on the subject: This Time is Different: Eight Centuries of Financial Folly (http://www.amazon.com/This-Time-Different-Centuries-Financia...). Barons: "A tour de force of quantitative analysis covering financial crises affecting 66 countries…
如果你还没读过的话，我建议读读《This Time is Different》。事实证明，我们当下的处境并非独一无二，其实就是一次相当经典的普通（vanilla）金融危机。核心要素如出一辙：人为支撑经济的巨额赤字导致泡沫……
If you haven't already, I'd suggest reading This Time is Different. It turns out that our current situation isn't unique, and is in fact a pretty vanilla financial crisis. The elements are the same: large deficits that artificially prop up the economy causing a bubble,…
真希望这本书能成为政客们的必读书目：Carmen Reinhart 和 Kenneth Rogoff 写的《This Time is Different: Eight Centuries of Financial Folly》http://www.reinhartandrogoff.com/。他们拿出了一个海量数据集——跨越数百个政府、横跨 8 个世纪的数据——并且发现……
I wish this book were required reading for politicians: This Time is Different: Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff http://www.reinhartandrogoff.com/ They take a MASSIVE dataset - 8 centuries of data across hundreds of governments - and find…
理解加密货币有个很有用的资料：《This Time Is Different: Eight Centuries of Financial Folly》，平装版，2011年，作者：Reinhart & Rogoff。
Here's one useful resource to understand crypto: "This Time Is Different: Eight Centuries of Financial Folly", paperback, 2011, authors: Reinhart & Rogoff.
我建议读读 Carmen M. Reinhart 和 Kenneth Rogoff 写的《This Time Is Different: Eight Centuries of Financial Folly》。虽然偏学术化，但这是我见过的最接近回答这个问题的书了。
I would suggest reading This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth Rogoff. It is quite academic, but it comes the closest to answering this question that I have ever seen.
> 虽说衰退很常见，但我觉得这次会不一样。 所以这次不一样（this time it's different）？你可能会对《This Time Is Different: Eight Centuries of Financial Folly》这本书感兴趣： > 贯穿整个人类历史，无论是富国还是穷国，都在借贷、举债、崩盘——以及复苏——经历着各种令人称奇的金融危机……
> While recessions are normal, I don't think this one will be. So this time it's different? You may be interested in the book This Time Is Different: Eight Centuries of Financial Folly: > Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial…
这可以说是该领域的权威著作：《This Time is Different: Eight Centuries of Financial Folly》（http://www.amazon.com/This-Time-Different-Centuries-Financia...）。《巴伦周刊》评价道：“这是一部涵盖了波及 66 个国家的金融危机的量化分析力作……
This is supposed to be the definitive book on the subject: This Time is Different: Eight Centuries of Financial Folly (http://www.amazon.com/This-Time-Different-Centuries-Financia...). Barons: "A tour de force of quantitative analysis covering financial crises affecting 66 countries…