Episode 168: Not Your Great-Grandfather's Depression
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The Mentality of the Great Depression
In a lot of ways, what we're seeing now is actually very different from the Great Depression. If we go and bail out a bunch of people, I don't think we have to worry too much about the incentives 100 years from now that we might bail them out again. Probably maybe something like a third of households in the United States could really be in real trouble.
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