Support our non-partisan non-profit newsroom 💜 Donate now
My Two Cents

How bad?

Chris Farrell Sep 23, 2008

A puzzle about the 1930s is how did a severe recession turn into a Great Depression. Much of the blame rests with the monetary authorities and, even more importantly, the powerful belief in the gold standard. So, if the Fed and the Treasury have averted a Great Depression, how severe will the recession be in coming months? My own feeling is that the downturn will be bad and long.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.