Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Second Great Depression

Historical Insanity

Lessons from the Great Depression for the Coronavirus Pandemic

I think the Great Depression is a better analogy than World War II because of the similarities between the COVID-19 pandemic and the chaos of the 1930s. Moreover, America’s reaction to the Depression could show us how we could respond to the Coronavirus.

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Politics

Trump’s Trade Policy is a Recipe for Depression

One of the rationales behind Donald Trump’s presidential fantasy is that Trump and his tariff could somehow take America back to what it had been under Dwight D. Eisenhower in the 1950s, with lots of jobs, a high standard of living, and a large middle class. Unfortunately, history shows us that Trump’s policies would take us back to Herbert Hoover’s America, with Depression, breadlines, mass unemployment, and the shadow of world war on the horizon.

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