News for hackers. Stuff that matters.

A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by Aperocky on Monday March 13, 2023 @12:48AM (#35131219)
To a degree yes, you're absolutely correct.

That social model also brings great depression as a feature, and we decided to moved away from it because great depression bad.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by matheusmoreira on Monday March 13, 2023 @01:14AM (#35131384)
Moved away from 1929 straight to 2008.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by Aperocky on Monday March 13, 2023 @01:29AM (#35131483)
> Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession.

> The Great Depression/Peak global unemploy­ment 24.9% 1933

> Great Recession/Peak global unemploy­ment 10% Oct 2009

Not even closely comparable, thank you for nominating cases as to why the new model is superior.

[ Parent | on HN ]