here is the best article I have read on whether or not we are going into something similar to 1929
the arguement is we are NOT why? 1. the government is acting as the lender of the last resort. It didn't in 1929 2. the government did not spend to keep demand on track in 1929
3. governments imposed tariff and import restrictions this time round governments are corordinating with one another to stop that from happeneing
anyway read the the whole article here. p1 and p2. It is very good.
