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G&R Episode 6: Populism and the New Deal, Do Those Words Mean What You Think They Mean?
The world is in full blown panic around the COVID19 pandemic. The global economy is shaking. Today, the stock market took its biggest dip since September 1987. Panic about the virus and jobs and business is kicking in.
During previous economic crashes, most notably the Panic of 1893 and the 1929 crash that launched the Great Depression, we saw moments emerge that initially challenged the ruling class. Both the populist movement of the 1890s, and social justice and labor movements of the 1930s led to a "thunder on the left" that terrified the ruling class. From William Jennings Bryan to…
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