Faculty News

Professor Lawrence White illustrates how the speed of the descent with regard to unemployment data and the coronavirus crisis is unprecedented

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Excerpt from NBC News -- “'It took three and a half years, from August of 1929 to March of 1933, to go from robust full employment to the depths of the Great Depression. It looks like we’re going to get there in less than three and a half months,' said Lawrence White, an economics professor at New York University. 'The speed of the descent is unprecedented.'”

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