I'm constantly amazed by the short-termism of human memory. I don't think of myself as terribly old, but I have pretty good memories of the 2008 Financial Crisis. Nevertheless, I've recently met many young people who seem to have no concept of bank runs. Have we done such a poor job of disseminating the lessons of 2008 to the young? Clearly so.
Discussion
Many forgot about Spanish flu, too!
Yeah - although that can at least claim to be beyond the memory of currently-living people. The 2008 crash was not even 15 years ago! I get that a current 20-year old would have no memory, but I'd have thought that their family, teachers, etc might have told them a bit about the fragility of fiat, debt contagion, etc.!