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View James Wood's Comments
What If the Great Depression Analogy Is Wrong?
It would be interesting for you to make a follow up article indicating what you think the correct analogy is. I personally believe will are moving towards a depression and Paulson type bailouts will not work and avoid the depression. The big concern for me is whether we will end up with hyperinflation as a result of massively printing money in a futile effort to reflate the economy by increasing the money supply. Bernanke seems to find this as his best tool after his study of the 1929 depression. While you cite many interesting cases such as those in Argentina, they are likely to be less relevant in this case. The dollar, even though weakening, is still the base currency of the world. In the remote case we have hyperinflation in the dollar, we are in very untested waters with highly adverse and unpredictable results. Congratulations on an excellent article.
Dec 16 10:31 AM
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Bernie Madoff Comes Out of the Closet
This is an exceptionally well written article. Congratulations.
Dec 14 08:52 AM
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