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Thursday, October 16, 2008

WHY ANALOGIES WITH THE GREAT DEPRESSION ARE WRONG: CONTINUED

Today's Buggy Topic No. 1

A little while ago, prof bug argued at length that any analogies betwseen today's economic troubles and those of the Great Depression era --- including the prospects that we'll end up with like troubles --- were flatly wrong.  Today he continues disputing those analogies, with some specific governmental and policy changes --- including international cooperation financially to deal with the financial crisis --- that have emerged since 1940 and would buffer and counteract the impact of a serious recession. 

No need to say more.  Click here for the two lengthy buggy commentaries on this subject, posted originally at Carpe Diem --- the libertarian web site of Professor Mark Perry of the University of Michigan.