How America Can Escape the New Great Depression

March 2009. Worldwide industrial production plummets even faster than it did during the Great Depression of the 1930's. Governments all over the world are scrambling to resuscitate failing banks. Yet despite their best efforts, the global credit markets remain broken. Unless these credit markets are fixed, the economy will continue to spiral downward until it hits bottom--a New Great Depression. It was not the New Deal but World War II that ended the Great Depression of the 1930's. To end the New Great Depression we are entering, the U.S. Government must take bold economic action on a scale equal to the economic impact of World War II. This book outlines the 7 controversial steps the U.S. government must take to fix the broken credit markets and stabilize the U.S. economy. Conventional wisdom has been tried. It has failed. We are at a unique time in economic history--only a unique and unconventional economic response can save the day.