A few months ago I said I would link to interesting articles and blog posts. True to my word (!) here is an interesting take on the current recession... err, depression? The basic argument is this: The various financial and social programs we have in place thanks, in large part, to FDR, are keeping us from soup lines and bank runs. Kevin argues that the last 12 months--stock market crashing, mortgage disaster, etc--have been just as bad as the lead-up to the Great Depression, but the effect is different thanks to a more advanced government.
The post is short, go take a quick look.
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