I'm reading a good book about Depression - ideas?

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I'm reading a good book about Depression - ideas?

Postby aaa30040 » Fri May 11, 2012 11:46 am

The Great Depression: A Diary, by Roth

It is the diary of a middle class lawyer about life in the Depression. I highly recommend it.

But I think our future is more like the last 20 years in Japan. Anyone know a similar book about Japan?
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Re: I'm reading a good book about Depression - ideas?

Postby slickeast » Fri May 11, 2012 12:23 pm

My first thought was, take an anti-depressant
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Re: I'm reading a good book about Depression - ideas?

Postby Engineer » Fri May 11, 2012 5:04 pm

Get out in the sunlight a little more often?
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Re: I'm reading a good book about Depression - ideas?

Postby Copper Catcher » Fri May 11, 2012 5:11 pm

How depressing.... :(
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Re: I'm reading a good book about Depression - ideas?

Postby inflationhawk » Fri May 11, 2012 6:35 pm

Here's a thread from the past you might find interesting, but no mention of Japan. Japan over the last two decades would be an interesting read.
viewtopic.php?f=17&t=3619&p=34049&hilit=Roth+depression#p34049
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Re: I'm reading a good book about Depression - ideas?

Postby DTEJD1997 » Wed May 16, 2012 9:03 pm

I read that book and found it to be very, very good.

It also struck me that people didn't know they were in "The Great Depression" until the end...

They also had ups & downs. Not everything was terrible, and astute, hard working & lucky people still made money and got ahead.

Another interesting thing was that banks had "double" liability for shareholders. That is, if you owned stock in a bank, and it went bust, you were liable for additional money. I thought that was a good idea, but would be very difficult to implement in modern society.

I am unsure if we will be like Japan's lost decades. Japan has a tremendous amount of savings, and they are homogenous society. They also had a much bigger property and stock market bubble than we ever had...

With all of the USA's problems, we are still blessed with abundant natural resources, skilled scientists, hard workers, energetic business people, and the best system of government set up by man.

We are only in a difficult spot, not an impossible spot...
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