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Morgan Housel

The Dr. Drew Podcast

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The Great Depression, a Diary

The book is called the great depression, a diary. And i thinki, i think it is unintentionally the best economic book ever written. When benjamin roth was writing these entries in 19 thirties, there's no hindsight by us. He did not know what was going to happen next. Read every book that we write to day about the great depression. We know how the story ends, and it colors our view of what happened at the time. It's like all these big behaviors repeat themselves. They don't change overtime. What you dealt with back then is exactly what we're dealing with to day. The behavior s that people go through of greed and fear and extrapol

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