Tuesday, 10 March 2009

Lessons from the great depression for economic recovery in 2009

A talk by Christina D. Romer, head of the US Council of Economic Advisers on Lessons from the Great Depression for Economic Recovery in 2009 (pdf).

One interesting comment to keep in mind:
To start, let me point out that though the current recession is unquestionably severe, it pales in comparison with what our parents and grandparents experienced in the 1930s.
(HT: Greg Mankiw)


Matt Nolan said...

Indeed - I appreciated that quote when I read the piece earlier today.

Paul Walker said...

We need to keep some perspective on our current problems. Things are bad, but things have been worse and we did survive.