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We will never see another depression driving down living standards to the level of the 1930s due to technology. But a relatively similar percentage reduction?
by codexon 17y ago
We will never see another depression driving down living standards to the level of the 1930s due to technology.
But a relatively similar percentage reduction? Quite likely. I would say that this depression looks quite similar to the beginning of the great depression when you consider unemployment percentages and debt as a percent of GDP.