By the way, Andy, I agree with your article that the current crisis has basically the same cause as that of the 1930s--too much credit expansion too quickly. These crises are a recurring theme of capitalism: there is one every generation or two, whether or not there is a gold standard. In every single case so far, there has been a recovery from the crisis. Some recoveries are quicker than others and it will be interesting to see whether this one will be faster or slower than the one of the 1930s. My guess is that the current one will produce a faster recovery on a global basis, because the economy is relatively less dependent now on the USA and Europe.
