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Comment: Re:Great Depression? (Score 1) 873

by Essron (#26174249) Attached to: The US economy is heading toward ...

the comparatively low cost of food and clothing now as compared to during the great depression could be the main difference in the eras. meaning everyone might get just as absurdly poor and unemployed, but the starving and freezing of the population won't be nearly as dramatic.

there is no technical definition of depression, but just because we won't see the same degree of blatant human tragedy doesn't mean it wont be as bad or worse as the 30's from a macroeconomic perspective.

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