Terms
The terms on which this publication is offered, and the one disclaimer that matters most.
Not financial advice
Nothing published here is investment, financial, legal or tax advice. This is a publication about financial history. It describes what people did in the past and what happened to them. It is not a recommendation to buy, sell or hold anything, it is not tailored to your circumstances, and it should not be relied on as the basis for any financial decision. Speak to a qualified professional who knows your situation.
Historical episodes are offered as history. Past patterns are not forecasts, and the resemblance between an old mania and a current one is an argument, not a prediction.
Accuracy
Every effort is made to represent sources accurately, but the site is provided as-is and without warranty of any kind, express or implied, including as to accuracy, completeness or fitness for a particular purpose. Errors of fact are corrected when they come to light.
Copyright
All essays, images and other material on this site are © The Money-Printing Press unless otherwise stated, and may not be republished, redistributed or used to train machine-learning systems without permission. Quoting a reasonable extract for the purposes of review, criticism or comment, with attribution and a link back, is welcome and needs no permission.
Some reproduced historical documents are in the public domain; where that is so it is noted alongside the document.
Acceptable use
Please do not attempt to disrupt the site, gain unauthorised access to it, or scrape it in a way that degrades service for other readers.
Third-party links
Links to other sites are offered as sources or further reading. We are not responsible for their content, availability or practices.
Changes
These terms may change; the date at the top of this page records when they last did. Continuing to use the site after a change means you accept the revised terms.