But this historical analogy has usually turned out to be misleading.

To find a workable historical analogy we therefore need to go back further than the 1930's.

At this point I had better dissolve what remains of the historical analogy.

As usual with such historical analogies, the differences are far greater and more significant than the parallels.

But some industry insiders say the historical analogy is flawed.

"And historical analogy is the last refuge of people who can't grasp the current situation."

I wasn't worried about that, because the historical analogy was flawed.

More is at stake here than a misappropriated historical analogy.

There was no historical analogy that would be much help to them now.

Most of the historical analogies can be ignored without prejudice to his central case.