Dostoevsky said, "All happy families are alike; all unhappy families are unhappy in their own way." The same can be applied to the economy. We aren't likely t

Dostoevsky said, "All happy families are alike; all unhappy families are unhappy in their own way." The same can be applied to the economy. We aren't likely to repeat the mistakes that led to the Great Depression. Instead we find new and interesting ways to screw up. I doubt that this will be anywhere near as bad as the Great Depression. However, the claim that this time is different shouldn't be as reassuring as it sounds. We simply can't evaluate this depression(or recession if you prefer) in terms of the last. Its apples and oranges.