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Scottsdale, Ariz. Financial Crises “Can Financial Crises Be Predicted” (January-February, page 10) cited banking crises in 42 countries from 1950 to 2016. The United States had 47 recessions from its inception to the present. From 1937 to 2020 there were 14 recessions and depressions within 83 years, but their frequency was reduced by governmental regulations lately. Now they are easier to predict: the last recession before the pandemic was 13 years ago, prior to that 7 years ago, before that 10 years ago, before that 9 years ago. So, because of the U.S. government’s modern-day intervention, we can expect the Wall Street bankers to drive themselves into bankruptcy, so we, the people can bail them out with our tax money about every decade. Who said that financial crises are hard to predict? ....
A Note to Readers The “7 Ware Street” column does not appear in this issue, which is somewhat shorter than usual, given continuing constraints on our advertising partners. We decided it was important to make space available for more of your letters to the editor, of which there were many quite a few of them longer than we can usually accommodate. The column will reappear in the future. ~The Editors Climate Change Jonathan Shaw (“Controlling the Global Thermostat,” November-December 2020, page 42) failed to address one essential weapon in our war against climate change: nuclear power. As with solar, wind, and hydro, nuclear power plants produce no greenhouse-gas emissions. Moreover, new technology and designs continue to improve their economics and safety. ....