'A Lot To Be Hopeful For': Crisis Seen As Historic, Not Another Great Depression
The speed and scale of the economic crash have drawn comparisons to the Great Depression. But this downturn should be shorter, former Fed Chairman Ben Bernanke and other economic historians say.
With the U.S. economy in free-fall, a lot of forecasters have been digging deep into the history books, looking for a guideposts of what to expect. Often, they've turned to the chapter on the 1930s.
"Clearly people have made comparisons to the Great Depression," said former Federal Reserve Chairman Ben Bernanke.
"It's not a very good comparison," he cautioned.
Bernanke, who is a student of the
