The Browser
Cecily Cecily

Writing Worth Reading

The Second Great Depression

Post-2008 recession has seen much less human misery than in the Great Depression, because of political factors — the social insurance programs established in and since the 1930s. But in economic terms, Europe is in a worse position now than it was when the Great Depression began. America will have at least one lost decade, perhaps two, and will be much weaker when the next storm hits (3,000 words)

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