On Friday, The Wall Street Journal had an article titled “Why This Isn’t Like 1938 – At Least Not Yet.”
Ever since the onset of the “Financial Crisis” there has been a continual flow of comparisons of our current economic situation to that of The Great Depression.
Last year I wrote about these comparisons on numerous occasions. I summarized these posts in a July 13, 2009 post. As I said in that post, “…although our current period of economic weakness does have similarities to that of The Great Depression, there are notable differences as well. To believe that both situations are very similar, and by acting accordingly, imperils our economic situation.”
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Tags: The Great Depression