Thursday, January 24, 2008

 

Color photos from the 30s & 40s

(Via Instapundit.)

It's strange to look at photos from this era in color because I am so used to seeing them in black and white they have a feeling like they from a movie. The photos really bring alive the people and the feeling of the times. I imagine that our grandchildren will look at the grainy videos of the 80s and 90s which will mark our era and have the same feeling when they see something in high definition.

Speaking of the Great Depression, Amity Schlaes says that Ben Bernanke's knowledge of the financial markets of that era might steer monetary policy on the wrong course. 2008 is more like 1971 than 1929. It certainly seems like inflation is the bigger problem. Gold, silver, wheat, corn, and soybeans are all rallying today and very near their most recent highs.

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