My Two Cents

John Kenneth Galbraith

Chris Farrell Jan 16, 2008

I found this something of a chilling summary. The legendary investor Dean LeBaron notes on his website that John Kenneth Galbraith’s classic account of the Great Depression lists five major weaknesses of the U.S. economy in 1929: an unequal distribution of income; bad corporate governance; a weak banking structure; a ‘dubious’ balance of trade position; and bad economic advice.

Sound familar?

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.