Is the next Great Depression even imaginable?

Question

I was chatting with an 85 year old man. He says that we're in serious doo-doo...are we?

Answer 1

If yo' read ma book, Man, yo' can immediately see weez in terrible trouble!!

We've just learnt how to set up infra-structures to delay the inevitable!
But, in setting up such delays, we have been denying nature; so we can be certain that when it does come, Man, IT'S GOING TO HIT LIKE A FLEET O' BOMBERS - NOT JUST ONE BOMB AS IN THE PAST!!

So, the real answer is, 'We're in for absolutely MASSIVE MESS AND SHOCK AHEAD!

Answer 2

It is a simple fact that history does repeat itself. However, the political and economic conditions that created the Great Depression are not in place at this time.

Also, economists have learned and understand many of the mistakes that government made that compounded the depression (e.g. deflating the money supply, tariffs, the New Deal). So, hopefully, not all of these mistakes will be made again (at least not at the same time).

Answer 3

Probably not, the depression happened due to the stock market crashing,special rules are in place now to prevent this from ever happening again.

Answer 4

2 points =}