Obama Making Same Mistakes That Lengthened Great Depression

A monograph by two economists notes "troubling similarities" between current administration policies and those which deepened and lengthened the depression of the 1930s. (It takes a professional economist to see this'). One of the authors (quoted here and elsewhere) adds that "It is also not impossible that the US will experience the kind of economic collapse from first to Third World status experienced by Argentina under the national-socialist governance of Juan Peron." Nobel-Prize-Winning economist James Buchanan (no, not commentator Pat Buchanan) has endorsed the monograph.