Yes, I agree. People do not see the similarities. It is indeed 1930. Even conservative economist say the only way to avoid another great depression is to stop the deflationary cycle by throwing money at the economy-both by stimulus and by printing money. I hope the GOP will not filibuster because I don’t want a depression especially one which will be blamed on Pres. Bush and the GOP.
They are wrong. Hyper-inflation is more likely than deflation. Government needs to step back and stop trying to help.
Was 1932 a big fall after the 1929 fall?