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Why History Repeats Itself

Every generation is convinced it is living through something unprecedented. This conviction is almost always wrong — and almost always instructive.

The patterns are there if you know where to look. Debt cycles. Political realignments. Technological disruptions that reshape labor markets. These have happened before. Not identically, but recognizably.

Reading history isn’t about finding templates. It’s about calibrating your sense of what’s possible and what’s likely.