At least two reasons why the crisis will not be the second great depression
I usually skeptic and questioning about the optimist projection of the
world economy from the some reports. However, one thing that I know
that this crisis will not be the second great depression because of two
reasons. First, the international coordinatiopn under G20 and the
international organizations (IMF,WB,WTO) have prevented the worse
condition through the coordination of fiscal, monetary, and trade policy.
Second is Ben S. Bernanke. He has learned the great depression a lot
compared to any economists in US today (probaby only could be
compared with Milton Friedman who passed away last year or Barry Eichengreen. a historian).
