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
