QT: Jack Goldstone on Failing to Learn from History

Jack Goldstone makes a similar point to John Juddis noted in the previous post. Isn't this a fascinating subject? Are we repeating the mistakes of the past? I know Bernacke doesn't want to, and I doubt many others do, but many politicians and many in the electorate seem hell bent on the deficit issue when we're teetering on the edge of a depression. BTW, who is John Maynard Keynes, anyway?

QT: John Juddis on Economic Doom

John Judis has written a fascinating article on our economic predicament. Alas, so few seem to know history, not just Mitt Romney suffers this shortcoming. Why do we want to repeat the 1930's? Okay, we can't ever exactly, but we can make it way too similar if we continue down our current path.

Check out Paul Krugman's comment on the article (and where I first learned of it).