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August 24, 2010

Depression Analogy

-- by Dave Johnson

Is it possible that we are in a period like the Hoover period, when the government didn't do anything about unemployment and other concerns of the public, instead following the prescriptions of Wall Street as things got worse and worse?

It seems that our policymakers live a life that is too far removed from what the public is feeling to understand how bad things are. Washington DC is a bubble of relative prosperity.

Posted by Dave Johnson at August 24, 2010 7:34 AM


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