What are the two types of bank crises? What are the most common strategies to prevent bank crises? Illustrate your answer with references to the Panic of 1907 and the Savings and Loan Crisis of the 1980s.
Discuss and evaluate the following quote from Michael Hudson: "The tendency for debts to grow faster than the population's ability to pay has been a basic constant throughout all recorded history. Debts mount up exponentially, absorbing the surplus and reducing much of the population to the equivalent of debt peonage." Explain what he means and give historical examples. Are there any modern forms of "debt slavery?" Explain your answer.