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mjperry.blogspot.com - 12/1/2008
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GENESEE COUNTY, Michigan -- To those who lived through the Great Depression -- people now in their 80s and 90s -- today's economic conditions don't come close to rivaling the distress of the Great Depression. "When I see that on the TV, I say to myself, 'You don't know a thing,'" said Flint ...
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Comparisons to the 1930s: Nonsense and Nitwittery
Beanieville Inc. —
... and shantytowns sprung up across the country? Local economist Mark J. Perry says that any such comparisons are "complete nitwittery and utter nonsense." "Most of the people complaining still have their iPod, their computer and two cars in the garage," said Perry, an economics professor at the University of Michigan-Flint. "It's not based on any factual evidence. We're so spoiled that it really takes distorted thinking to compare the Great Depression to today." Source Original article
Related: great depression nonsense