Friday, February 06, 2009

Friday Quiz: The Dollar's Value in the Great Depression
February 6, 2009

What happened to the dollar's value from 1929 to 1941, during the Great Depression?

A: According to the Bureau of Labor Statistics inflation calculator, $1 in 1929 was worth 86 cents in 1941.

Bonus question: Can banks be united in a "shotgun marriage" by the U.S. government?

A: Yes. In Merrill Deal, U.S. Played Hardball (WSJ.com)

NOTE: I will be hard-pressed to respond to email for the next week or so--my apologies to all correspondents.

New Readers Comments 2/5/09.
New readers forum up and running! Thank you, reader D.K. for putting this together. Please note I am NOT a moderator and will only be able to drop in sporadically. Other readers have volunteered to moderate, so please be as respectful and cogent as when you write me directly.
Of Two Minds reader forum (hosted offsite, reader moderated)

What's for dinner at your house? has been updated with two new recipes:
Quick Easy Vegetable Soup and Pork Butt Stew.

New Operation SERF Installment:
Operation SERF, Part 9
Chris Sullins' "Strategic Action Thriller" is fiction, and on occasion contains graphic combat scenes.


Thank you, Kevin D. ($50) for your amazingly generous contribution to this site. I am greatly honored by your support and readership.

Thank you, Anthony M. ($50) for your stunningly generous donation to this site. I am greatly honored by your support and readership.

Posted by Charles Hugh Smith at 6:48 AM

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