If we do not learn from our mistakes, we are bound to repeat them. And the best way to learn from our mistakes is to teach them faithfully to our children by turning them into colorful posters. With that, Catherine Rampell offers this printable timeline (pdf) of the financial crisis from the New York Fed, which I guess is like the Rand McNally the Federal Reserve system. One thing I learned was this:


The Ides of March will go down in history not only as the last morning of Julius Caesar, but the first emergence of "green shoots," when Fed Chairman Ben Bernanke dropped that little memelette into the mouth of chirping financial wonks the world over. Wikipedia seems to suggest, however, (this is totally academic, by the way) that the first use was Norman Lamont, the UK's Chancellor of the Exchequer, in the 1991 recession.

It's also instructive to see which months caused the most feverish flurries of financial rescue activity. Remember September 2008? Let's never do that again.

september2008mess.png


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