The Long Depression: The Slump of 2008 to 2031 by Matthew Lynn
Approx. 22,680 words.
Published on December 9, 2011.
When the credit crunch struck in 2008, finance ministers feared we were faced with a re-run of the Great Depression of the 1930s and rushed to pump money into the global economy. In this ground-breaking essay, award-winning financial columnist Matthew Lynn argues that what we are going through is a re-run of the Long Depression, a slump that lasted from 1873 to 1896.