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With the economy wobbling around along a slow recovery path, a lot of commentators (Paul Krugman here and here, John Taylor here and Christina Romer here) have made connections to 1937/38 – the so-called “recession within the depression.” Economic historians have written a fair amount about that recession for some time and I thought it…
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1890s Recession 1937-1938 Recession Recovery
With the economy wobbling around along a slow recovery path, a lot of commentators (Paul Krugman here and here, John Taylor here and Christina Romer here) have made connections to 1937/38 – the so-called “recession within the depression.” Economic historians have written a fair amount about that recession for some time and I thought it […]