Re:It's Gotten Too Hard to Strike It Rich in America
by AnimalMuppet on Wednesday August 14, 2019 @06:52PM
(#20700843)
So in this view, 1929 corresponds to 2008?
But I'm not sure that it's going to play out the same, because the Fed took unprecedented action to keep 2011 from looking like 1932. They were not at all the same - we never hit 35% unemployment, nor anything like it, even if you take "discouraged workers" into account.
But I'm not sure that it's going to play out the same, because the Fed took unprecedented action to keep 2011 from looking like 1932. They were not at all the same - we never hit 35% unemployment, nor anything like it, even if you take "discouraged workers" into account.