Tag Archive for Great Depression

Drought To Slow Economy & Cause Inflation – Chriss W. Street

Despite the hammering from a late spring storm that blanketed much of the Mid-West and East Coast with 4 to 8 inches of snow, the National Oceanic and Atmospheric Administration [official name of the weatherman] just predicted that the 2nd worst drought since the Great Depression will continue to lay waste to wheat and corn…

Parallels between 1930s Europe and today are stark, striking, and increasingly frightening. | VOX

New preface to Charles Kindleberger, The World in Depression 1929-1939 J. Bradford DeLong   Barry Eichengreen 12 June 2012 Charles Kindleberger’s classic book on the Great Depression was originally published 40 years ago. In the preface to a new edition, two leading economists argue that the lessons are as relevant as ever. The parallels between Europe in…

Nobel Winner Stiglitz Sees More Recession Odds in Romney – Bloomberg

Nobel Prize-winning economist Joseph Stiglitz said the election of Mitt Romney as president in November would “significantly” raise the odds of a recession because it would herald a shift to a much tighter budget. History shows that the adoption of fiscal austerity when an economy is weak can have disastrous consequences, as happened in the…