great depression

Will the U.S. Repeat the Great Mistake of 1937?

Critics of the Obama stimulus programs are calling for an end to recession-fighting spending, arguing that it isn't needed anymore. But are these critics repeating the mistake of FDR's opponents in 1937, calling for balanced budgets that could result in a double-dip recession?

Why Bear Stearns frightens us so

When the economy is tanking, most journalists take it upon themselves to provide the voice of reason, to reassure the concerned investor that all is...