The great recession and the great depression

"This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the generat...

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Bibliographic Details
Main Authors: National Bureau of Economic Research, Cambridge, Temin, Peter
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Cambridge, MA 2009
NBER
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Online Access:https://www.labourline.org/KENTIKA-19186851124919040339-The-great-recession-and-the-gr.htm
Description
Summary:"This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the generation of the crises, and they also illuminate the policy choices being made today. We have escaped a repeat of the Depression, but we appear to have lost the opportunity for significant financial reform."
Physical Description:17 p.
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