Monday, July 5, 2010

The Third Depression

There was the Long Depression, then the Great Depression, and now we are in the early stages of a third depression. This one is primarily a failure of policy.

Krugman uses the "d" word. He is a careful writer. He is more hopeful than I am.

There must be greater pain before there will be change.

Bushtowns are still not making news. Maybe when the census publishes.

I really don't want to think about returning veterans.

Why is there not a new G.I. bill?

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