Great Depression

Analysis and Comment (3)

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Australia’s economy was relatively unscathed by the global financial crisis, according to data from the latest Melbourne Institute HILDA survey. AAP

The benign effects of the “Great Recession”

By Mark Wooden, University of Melbourne

In September 2008 the sudden collapse of the investment banking sector in the US would propel much of the world – especially Western economies – into the worst economic recession since the Great Depression…
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During the Great Depression, policymakers had an irrational – and detrimental – attachment to the gold standard. Should we be worried about the similar fervour for a strong euro? BullionVault

When it comes to solving the euro’s woes, it’s the same gold story

By Wesley Widmaier, Griffith University

Are the tragedies of the 1920s repeating themselves in the twenty-first century? In the 1920s, an irrational attachment to the gold standard helped cause the Great Depression, as European fears of inflation…

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