Friday, January 9, 2009

Since the Great Depression

Is anyone else sick and tired of hearing the phrase "... since the Great Depression," in reference to our current economic woes?

Contrary to the cliche, history emphatically does not repeat itself. Yes, obviously certain current events resemble past ones, and learning from the past can help us deal with present problems, as Santayana suggested.

But this is not going to be a repeat of the Great Depression. It may be just as bad, or worse, but it will not be the same.

Though a comeback of the Fedora wouldn't be too bad.

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