Jim Grant on ‘Forgotten Depression of 1921: The Crash That Cured Itself’
Published 24 Dec, 2014 08:03 | Updated 24 Dec, 2014 07:44The Grand Canal of Nicaragua was launched by a Chinese company and is slated to cost $50 billion, aiming to rival Panama's waterway and lift the country out of poverty. Erin weighs in. Jim Grant, author of ‘The Forgotten Depression: 1921: The Crash That Cured Itself’, tells us what happened in 1920 and 1921 that we should know and how the inaction of government compares to policy during the Long Depression between 1873 and 1896, the Great Depression and the most recent Great Recession. And in the Big Deal, Erin and RT’s Lindsay France talk about Mattel.
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