The Eurozone Great Depression

The eurozone is currently experiencing a smaller version of the Great Depression of the 1930s. I’m not too interested in the statistical similarities (obviously the 1930s depression was more severe) but rather the intellectual similarities: 1. On both occasions the conventional wisdom was that money was very easy, and hence monetary policy had nothing to [...] View the full post at: The Eurozone Great Depression Related posts: Revving Up the Great Depression Debate, Once Again The Current Downturn Bears no Resemblance to the Great Depression A Different Perspective On the Great Depression