[lbo-talk] "And now the Great Depression"

Shane Taylor shane.taylor at verizon.net
Sun Sep 28 12:30:32 PDT 2008


And now the Great Depression

Barry Eichengreen 28 September 2008

[....]

[W]e are in for more turbulence. The Paulson Plan, whatever its final form, will not bring this upheaval to an early end. The consequences are clearly spreading from Wall Street to Main Street. The recent performance of nonfinancial stocks indicates that investors are well aware of the fact.

So comparisons with the Great Depression, which have been of academic interest but little practical relevance, take on new salience. Which ones have content, and which are mainly useful for headline writers?

[....]

<http://www.voxeu.org/index.php?q=node/1718>



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