I was tempted to say “duh,” but a closer look at their research shows a much more nuanced finding that would not be obvious from a simple review of the history. What is particularly concerning to me is the fact that our instincts in the face of these crises (not just financial but security threats as well) are wrong. Our response usually makes things worse without solving the real underlying problems. When will we learn, a knee-jerk, fear based response is not the solution!

Source: The political aftermath of financial crises: Going to extremes | VOX, CEPR’s Policy Portal