I like how effortlessly we migrate to different topics, but it is interesting discussion so lets keep going.

Great Depression "what ifs" is nothing but a speculation, so lets not go down that mental masturbation path.

We do have couple valid comparisons - Great Depression in US, and Great Depression elsewhere in the world. I'd say comparing France Australia that went with austerity and New Zealand that went with welfare state to US during Great Depression would be valid comparison. Any idea how this compares?

Second comparison - austerity vs. bailouts during recent crisis. EU is on the verge of collapse, and they decided to go austerity direction. By comparison US is in much better shape.

Last edited by sinij; 08/10/12 09:58 AM.
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