Latest PJ Media Column (‘This Depressing Economy; It’s far closer to the dreadful 1930s than you might think’) Is Up
It will go up here at BizzyBlog on Sunday morning (link won’t work until then) after the blackout expires.
It really is time to start benchmarking the economy’s performance against the 1930s, because it’s no longer enough to say that it’s “the worst economy since the Depression-era 1930s.”
Here are the indicators discussed in the column and how they compared after the Great Depression, the “Great Recession,” and other downturns:
As the column states:
It may be hard to get used to the idea, but the onslaught of statistics such as these in the areas of employment and output indicates that we’re in an economy which, in certain statistical respects, more resembles what the nation experienced during the 1930s than during the other far more legitimate recoveries seen since World War II.