Want to see "The Great Depression: The Sequel"? Here's a handy three-step do-it-yourself action plan.
1. Continue to ignore growing income inequality and govern the United States for the benefit of the rich at the expense of the many.
2. Continue to whittle away at the safety nets that exist to cushion Americans from economic ill winds.
3. Continue to weaken government oversight of Wall Street.
Each is underway he tells us. A theme in his article is that factors related to each are now at levels equal to those surrounding the Great Depression era. We can no longer say "not since the Great Depression," but "as bad as the Great Depression."
He reminds us that current Fed chairman Ben Bernanke was a student of the Great Depression and he is using what he leaned--essentially that existing financial institutions must not be allowed to fail or else they will begin a domino effect where one could fail after another leading to a system wide collapse.
Wish him luck.
