…that were contributory causes of the Great Depression and were intended to safeguard the broad-based society where growth is shared and everyone has opportunities that is essential to democracy. I…

…doom. Those predictions are also usually wrong, but here there’s an important caveat – sometimes the doo-doo really does hit the fan. The Great Depression happened, and more recently, so…

…the perspective of inequality data. 1) the greater the income inequality in a state, on average, the greater the delinquency rate in that state. 2) the greater the generalized trust…

…of wage and compensation growth, the NY Times article was misleading in its comparison of the Great Depression to the ’07-’09 Great Recession. Mass default during the Great Depression wiped…

…demand if price is greater than marginal cost (competition is imperfect). Over near the great lakes there was, for a while, great interest in working out the implications of “(1)…

…personal work on her own family tree. She discovered that Harry (senator (D) from Nevada ) Reid’s great-great uncle, Remus Reid, was hanged for horse stealing and train robbery in…

…point. In the field of macroeconomics there is a much deeper division between macroeconomics as practiced at universities closer to the great lakes than to an Ocean (Fresh water economics)…

…If you want to play along at home, I suggest you start with the most recent change in the figure. Anyone remember the great tax hike of 2005? In the…

…list of American economic crises beginning with the Big One – or at least, the Big One from the last century: 1. The Great Depression 2. The 1970s 3. The…

…common phrase and Irving Fisher explained that prosperity would last forever. The Great Depression continued until unremitting deflation and waves of bank failures convinced a new administration that the tie…