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The Forgotten Depression That Explains What’s Happening Today
A lot of people, maybe even a majority, find the idea of a two-decade long depression too far-fetched to take seriously. Something like that could never, ever happen. Could it? The problem is most everyone's idea of what a depression is needs to be corrected - another huge piece left missing by Economics. What is a depression? Way too familiar.
Eurodollar University's Make It Make Cents
NBER Cycle Dates
https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions
NYT Sept 19, 1873
https://timesmachine.nytimes.com/timesmachine/1873/09/19/issue.html
David A. Wells The…
The skinny
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