Why We Can’t Have Another 1929

by Ben Carlson

The New York Times has an op-ed warning that we could be heading for another 1929 peak: Here’s the explanation and parallels: The parallels between the 1920s and the 2020s are numerous — and ominous. The 1920s economy boomed while America recovered from a deadly pandemic, the flu of 1918. Americans used installment plans — the precursor to today’s ubiquitous “buy now, pay later” plans ...

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