From recession to depression

Change is Coming: Great Depression 2.0 May Be On Its Way

By Matthew Vadum —— Bio and Archives--November 5, 2008

American Politics, News | Comments | Back To Full Article

Given the enthusiasm for reactionary economics in the ranks of the victors on Election Day, it seems highly likely that they will repeat the same policy mistakes of the Hoover-FDR era. The recession we now appear to be in could, with a coordinated Big Government approach to policy, be fairly easily parlayed into a full-blown depression.

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