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14,055 Posts.
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17/03/09
11:10
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worth reading as much as possible about the great depression
probably one of the most relevant topics around
ben bernanke did his Phd on it didn't he?
good pt about the second world war
perhaps we might need something as dramatic as a war to pull us out of this funk
one thing is that the longer that countries stayed with the gold standard the longer they stayed in recession
benankie says we will be on the way to recovery by the end of the year
he would say that
could be wrong
one thing is certain the government is spending, running deficits and guaranteeing bank accounts
three things that they didn't do back in 1929
assuming government action works we could be on the mend.
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