Sunday, September 13, 2009

The « Great Recession » in Perspective

Above is a Bureau of Economic Analysis (BEA) presentation of the history of recessions and of the Great Depression, posted by Greg Mankiw on his blog (September 9).

Apparently I was right to claim almost from the start, and on this blog (“Raison garder”, November 28, 2008), that the magnitude of the current crisis was not, in any way, comparable to that the Great Depression.

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