The 1929 Crash and the Great Recession of 2008

Kitromilides, Yiannis
January 2012
Challenge (05775132);Jan/Feb2012, Vol. 55 Issue 1, p5
Academic Journal
Even John Kenneth Galbraith was optimistic that the world since John Maynard Keynes would not adopt pro-cyclical policies against a 1929-style crash and thereby avoid another Great Depression. In 2008, he was momentarily right. By 2010, he turned out to be wrong. Why?


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