Why There Was No Depression

WASHINGTON POST, 10/5/2009 by Robert J. Samuelson (Hat tip: John Detweiler) - How close did we come to the Great Depression 2.0? That question will spawn a cottage industry of books, studies and conferences. But Christina Romer, the head of President Obama's Council of Economic Advisers, already has an answer: pretty darn close. Her conclusion deserves attention because Romer, in her previous academic career, was a scholar of the Great Depression. Read more at the Washington Post...

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