Why the Great Depression of 2020 Will Be Different

They are already calling the current pandemic-induced economic crisis, “The Great Depression of 2020.” The paradigm is, of course, the Great Depression of 1929 that substantially changed the world’s model of development, signaling the onset of State intervention in the economy (the welfare state). Analysts are also calling it “The Great Jump Backwards,” because it … Read more

What Will You Remember About the Spring of 2020?

One thing, many will remember about the coronavirus crisis of 2020 is that it happened during a radiant spring. Everywhere people tell of noticing the budding trees, the loud symphony of birds and enjoying beautiful weather and sunshine.  In some way, the spring provided some solace amid the crisis. Most cannot say if the spring … Read more