Dear USA Today: Current Crisis Not Worse than Great Depression
13 January 2010
Helen Ashworth writes that "Our current economic crisis is worse than the Great Depression" (Letters, Jan. 13). She's wrong. By no measure - rate of unemployment; decline in GDP; length of the downturn; extent of human suffering - is Ms. Ashworth's claim even remotely true.
Ms. Ashworth is mistaken also when she blames our current troubles on globalization. Contrary to her assertion that freer trade destroys jobs in
If freer trade and globalization cause widespread hardship in
Donald J. Boudreaux
Don Boudreaux is the Chairman of the Department of Economics at George Mason University and a Business & Media Institute adviser.<?xml:namespace prefix = u1 />