Sunday, May 04, 2008

A refresher on recessions/depressions

James Ledbetter has a piece at Slate on whether the current economic downturn will be more like 1991 or the 1930's. The analysis of the current situation is less valuable than the primer on modern recessions and depression. I highly recommend keeping his piece in the back of your head while wading through all of the negative economic news that seems to overwhelm us sometimes.

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