History merely repeated itself, though Reckless completely glossed over a global run on paper currencies that has always led to recessionary housing booms.
Equity markets in the long run reward smart risk and punish reckless risk, just as commercial markets reward desirable consumer offerings and reject cynical ones.
In this era of global conflict, such penny-foolish-and-pound-reckless measures could prove not only to be harmful in the short run, but possibly disastrous in the long run.