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The differences between today and 1929 include the mass availability of credit cards, which provide some cushion for the average worker, a vastly higher total wealth and the existence of some degree of social safety net in the form of unemployment insurance . Thus, even with an equivalent mal-distribution of wealth, the bottom half can remain above total desolation for at least a few months. Their survival for a year or more now depends on extraordinary fiscal action by the federal government.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 29th, 2020 at 02:12:11 PM EST
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