Another Great Depression? Experts say probably not
ajc.com (Free subscription) | 22/10/2008
... the Great Depression, because what you have is people not spending enough money,” said historian Bryant Simon of Temple University, director of American studies.Debt-ridden consumers and troubled banks are toxic to a consumption-driven economy, he said.“It is not as severe as it was,” Simon said. “But if the banks are not going to lend money, you can’t get the economy back...
