Words & Numbers

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Insightful weekly commentary on news & current events from economist Antony Davies and political scientist James R. Harrigan.

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Not Your Great-Grandfather's Depression

April 29, 2020

A depression differs from a recession in both the severity of the downturn and the duration. Recessions typically last months; the Great Depression lasted a decade. Importantly, the Great Depression started as an economic phenomenon, but the current “Great Suppression” started as a policy phenomenon. State governments deliberately shut down an otherwise vibrant economy. As we prepare to restart our economic engine, we consider things the government did right and did wrong in attempting to restart the economy during the Great Depression.

Live with Stossel May 1st, 2020 @12 pm ET

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Disincentives of Unemployment Benefits | Forgivable Loan Backfire | Smokers Less Likely to Get COVID?

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