Day: April 3, 2009

A Misplaced Faith

I continue to think about the similarities between the Great Depression and the economic situtation today. First, too much can be made of the comparison. Some people would have us believe that it has never been as bad as it is now. They have forgotten Jimmy Carter. We don’t have the “stagflation” that occurred during his years. Neither do we have the 20%-plus unemployment of the Depression. There are valid comparisons, though. One is the government’s role in each, particularly the… Read more »