Thursday, May 24, 2018

The Great Depression Gives Us Evidence Of What To Avoid

Economics is known as "The Dismal Science", however, experts can't even agree on what that means. In other words, it is a discipline with many more disagreements than agreements. That said, The Great Depression does have some lessons we should understand to avoid another one. For example:
  • "1928 and 1929 were the times in the 20th century that the wealth gap reached such skewed extremes;[185] half the unemployed had been out of work for over six months, something that was not repeated until the late-2000s recession. 2007 and 2008 eventually saw the world reach new levels of wealth gap inequality that rivaled the years of 1928 and 1929."
Open-minded folks who care about the welfare of people would benefit from reading this in detail:

Great Depression - Wikipedia

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Choose how you look at reality wisely. Yes, it is a binary choice.

Choose how you look at reality wisely. Yes, it is a binary choice.
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SCIENCE JUSTIFIES ITSELF

SCIENCE JUSTIFIES ITSELF
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