The 2nd Great Depression

Dani Rodrik has published what I can only desribe as a chilling layout of the path to the 2nd Great Depression, titled “The End of the World as we Know it.”    What chills is that Rodrik doesn’t require any great changes in the current path to get there; just the unfolding of events as we have seen them in the last few years.

He makes it clear that just as we look back at the great Depression, and see that leaders, approaching the edge of economic collapse after a fiscal crisis, clung to the gold standard and self-defeating tarriff policies and so pushed their countries over the edge, so in the future people will look back at the 2nd great depression and see that leaders, approaching the edge of economic collapse after a fisal crisis, clung to the Euro and self-defeating austerity policies and so pushed their countries over the edge.

About these ads

About jackgoldstone

Hazel Professor of Public Policy at George Mason University
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s