the long depression

Monday, December 1st, 2008

how often have you heard by the incoming obama administration that we are faced with the greatest economic crisis since the great depression. there’s a compelling article on the chronicle of higher education website about how this recession we’re entering has more in common with the economic crisis that triggered the long depression which began with the panic of 1873 which began with a mortgage crisis.

Advertisements
%d bloggers like this: