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Saturday, January 03, 2009

America's Great Depression section IX


Last week was a surprisingly strong showing by the Voxiversians, as more than 100 people took the test despite the distraction of the holidays. This is more than double the number of individuals who survived to the same point in the Thucydides study, so well done, everyone. There's only three chapters to go, but by this point I expect the broader message of the study has penetrated through even the thickest skulls, to wit: the discomforting panoply of similarities between the reaction of the fiscal and monetary authorities to the 1930s crisis and their reaction to the present one.

For next week, Chapter 10: 1931 - "The Tragic Year".

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