Now that no one really knows what might help the economy, the economists and others are looking for analogies from history. Commentators have moved from looking to the Great Depression for insights to rummaging around in the history of the Panic of 1873 (Paul Krugman). The Panic of 1873! What! Last time I looked, we didn't really know much about the Panic of 1873. Recently, the "best historic economic analogy" has been a valorization of the Gilded Age (WSJ). As a historian of the Gilded Age, I think that the Panic of 1893 can furnish some insight but not for reasons that appeal to the commentators.