For those of you who wonder why this country keeps having recessions, and why the retail price level never goes down, I have prepared an answer. For those of you who think that Alan Greenspan has finally put an end to both recessions and price inflation, keep reading. For those of you who think that “gold is dead,” keep reading. Depression is the bugaboo of most Americans, far more so than inflation. Our history textbooks from grade school through college drum the message into the heads of the readers: the depression of the 1930’s was the worst disaster in American … Continue reading Repressed Depression