Don't Get Depressed, It's Not 1929
The world of 1929–33 was one that lacked shock absorbers, like Social Security and deposit insurance, to insulate people from economic disaster. In the 1930s, some of the world's largest economies—Germany, the Soviet Union, Japan and Italy—were run by leaders hostile to the very notion of market capitalism. Today, U.S.-style market capitalism is under assault from self-inflicted wounds, and Germany, Italy and Japan (Russia, not so much) are working ... Full Story »
Posted by Kaizar Campwala
Our current safety nets are safe only as long as the money holds out.. But paraphrasing Everitt Dirksen, who said so many years ago: $700 billion here and $800 billion there, and pretty soon you’re talking real money. Speaking of old fashioned, what ever happened to the quaint concept of holding those who are responsible, accountable for their nefarious deeds?