I would think NPR as liberal media. I just heard NPR anchor interviewed Marvin Goodfriend, an economics professor at Carnegie Mellon University's Tepper School of Business in Pitt*****urgh on the current financial crisis compared to Great Depression in 1930s
Here are the key points:
1) Government jumped in the begining of current crisis while it did not involved in Great Depression until very late
2) In Great Depression, people withdrew their savings and banks collapsed. Food shortage; Children hungry; 10-20% jobless rate; high inflation; None of these happened in current crisis
3) The existing deposits insured by Fed. In Great Depression, it did not exist
4) It took 10 years to turn Great Depression around. Current crisis might just turn around next year
5) In the scale of 1 - 10 with 10 being Great Depression, current crisis is 3 at most
Here are the key points:
1) Government jumped in the begining of current crisis while it did not involved in Great Depression until very late
2) In Great Depression, people withdrew their savings and banks collapsed. Food shortage; Children hungry; 10-20% jobless rate; high inflation; None of these happened in current crisis
3) The existing deposits insured by Fed. In Great Depression, it did not exist
4) It took 10 years to turn Great Depression around. Current crisis might just turn around next year
5) In the scale of 1 - 10 with 10 being Great Depression, current crisis is 3 at most
