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The contraction from 1929 to 1933 was by far the most severe business-cycle contraction during the near-century of U.S. history we cover and it may well have been the most severe in the whole of U.S. history.
Anna Schwartz
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What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
Gerry Spence
Anna Schwartz
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Born:
November 11, 1915
Died:
June 21, 2012
(aged 96)
Bio:
Anna Jacobson Schwartz was an American economist at the National Bureau of Economic Research in New York City, and according to Paul Krugman "one of the world's greatest monetary scholars".
Anna Schwartz on Wikipedia
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