Is it Trouble Yet?

What would a 21st-century depression look like? We have all seen those stark black and white photos and grainy newsreel clips of the 20th century depression 80 years ago. But it’s unlikely a worldwide finanical collapse today would repeat that script heartbreak by heartbreak.

The answer is I don’t know. And neither does anyone else. But I have the sneaking suspicion we’re about to find out. Maybe I’m just imagining things. You tell me. I recently read a detailed history of pre-depression American by historian Frederick Lewis Allen. It was long and you can

When I read it I kept having to check the dates he quoted be sure he was talking about the Calvin Coolrdige administration and not the two-term George W. Bush administration. While history may not repeat itself precisely, it clearly repeats itself.

Smirking Chimp