Episode 168: Not Your Great-Grandfather’s Depression

A depression differs from a recession in both the severity of the downturn and the duration. Recessions typically last months; the Great Depression lasted a decade. Importantly, the Great Depression started as an economic phenomenon, but the current “Great Suppression” started as a policy phenomenon. State governments deliberately shut down an otherwise vibrant economy. As we prepare to restart our economic engine, we consider things the government did right and did wrong in attempting to restart the economy during the Great Depression.

Live with Stossel May 1st, 2020 @12 pm ET

http://sitc.org/live

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

Disincentives of Unemployment Benefits

https://www.npr.org/2020/04/21/838879361/bitter-taste-for-coffee-shop-owner-as-new-600-jobless-benefit-closed-her-busines

Forgivable Loan Backfire

https://www.cnbc.com/2020/04/22/she-got-a-paycheck-protection-loan-her-employees-hate-her-for-it.html

Smokers Less Likely to Get COVID?

https://news.yahoo.com/smokers-four-times-less-likely-151203823.html

Foolishness of the Week

Parents are Authoritarians

https://nypost.com/2020/04/23/harvard-professor-wants-to-ban-authoritarian-homeschooling/

Topic of the Week

Harold L. Cole

https://economics.sas.upenn.edu/people/harold-l-cole

History of the Great Depression

https://fee.org/media/37305/deppod.pdf

The Path to Growth Documentary

https://www.youtube.com/watch?v=2Hd_j9OX43g

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

Let us know what you think

mailto:wordsandnumberspodcast@gmail.com

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitter

https://twitter.com/JamesRHarrigan