The Coming Greater Depression of the 2020s: Economist Nouriel Roubini

[appalachiablue]

5. That series is excellent, I need to re-watch it. FDR was one

of the top greatest presidents; whether we can ever continue to build on the New Deal and Great Society that he and LBJ forwarded I have reservations, esp. with the conditions Roubini describes that foster nationalism, hate and xenophobia.

But major vision and execution is seriously needed now and I hope we start to move toward real structural change.

Some economists think that the rise of communism and active political forces which are now gone, and the massive upheaval caused by the Depression and WWII moved powers to grudgingly accept reforms- government intervention in the economy, establishment of a strong social safety net and advances for labor and human rights, 1930s- 1970s. A lot has changed in the last 40 years as we know.

When I worked at the National Archives in the 1990s I met Ken Burns who was giving a lecture. A very nice person-- who never ages!!