Words & Numbers

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 http://sitc.org/live Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits Disincentives of Unemployment Benefits https://www.npr.org/2020/04/21/838879361/bitter-taste-for-coffee-shop-owner-as-new-600-jobless-benefit-closed-her-busines Forgivable Loan Backfire https://www.cnbc.com/2020/04/22/she-got-a