The Washington Wizards theory of inequality and the financial crisis By Ezra Klein The graph atop this post is one I think a lot about: It charts pre-tax income inequality over the last 100-or-so years, and seems to suggest that income inequality is a potential indicator for massive financial crises. As you can see, the [...]
The recession tracks the Great Depression | Economists’ Forum: economics blog | FT.com
Image via Wikipedia The recession tracks the Great Depression June 17, 2009 1:53amby Martin Wolf | Share Green shoots are bursting out. Or so we are told. But before concluding that the recession will soon be over, we must ask what history tells us. It is one of the guides we have to our present predicament. [...]
Ten Key Differences between the Current Recession and the Great Depression
There are many differences between the U.S. Federal Government‘s handling of the Great Depression and Today‘s Great Recession–perhaps none so important as the immediate intervention in fiscal and monetary policy. The fiscal policy intervention after the 1929 stock market crash did not occur until 1933–and then it was faltering. Monetary policy was generally considered ineffective. We appear [...]
Unemployment rise on a scale not seen since the recession
There are many differences between the U.S. Federal Government‘s handling of the Great Depression and Today’s Great Recession–perhaps none so important as the immediate intervention in fiscal and monetary policy. The fiscal policy intervention after the 1929 stock market crash did not occur until 1933–and then it was faltering. Monetary policy was generally considered ineffective. We appear [...]
The Great Depression: American Century’s View
Because of its duration, the recession that ended last year was compared so frequently to the Great Depression that it earned the moniker the “Great Recession.” Even in its aftermath, there are similarities to the Great Depression, most notably prolonged high unemployment. When the Great Depression officially ended in March 1933, unemployment was an incredible 25% [...]
Great Depression vs Great Recession: Bruce Bartlett
This is Bruce Bartlett’s take on the Great Depression and Today’s Great Recession. For a comprehensive comparison go to my blog Ten Differences between the Great Recession and Today’s Great Recession. Eighty years ago this week, the stock market crashed. Although it was more a symptom of the economy’s underlying problems than a cause of [...]
The Great Depression and the Great Recession – Thinking Back to Franklin D Roosevelt
Image via Wikipedia This is a short primer on the Great Depression and Today’s Great Recession. For a comprehensive comparison go to my blog Ten Differences between the Great Recession and Today’s Great Recession. Great Recession is upon us, and while the situation seems to be slightly improving (fingers crossed), it’s the perfect time to take [...]
Ten Major Differences between the Great Depression and Today’s Great Recession
Image via Wikipedia A person who was a child during the Great Depression of the 1930s would be in his or her nineties today. There is no shared national experience of the depths and devastating human impact of the Great Depression. We feel the recession of today as being extraordinary, but how does it compare [...]
Ten Major Differences between the Great Depression and Today’s Great Recession
A person who was a child during the Great Depression of the 1930s would be in his or her nineties today. There is no shared national experience of the depths and devastating human impact of the Great Depression. We feel the recession of today as being extraordinary, but how does it compare to the singular [...]
Great Depression vs. Great Recession: Devaluation, Unemployment, Global Trade-Everything
The Great Depression vs. The Great Recession comparisons show how severe was the Great Depression–however the Great Recession is not necessarily over, yet.
