tag:blogger.com,1999:blog-3782644139927778760.post-9526894062298454502008-04-15T01:37:00.000-04:002008-04-15T01:37:00.000-04:002008-04-15T01:37:00.000-04:00If we have a depression or something not that far off, then I agree, there will be greater unity because the pain will be widely shared. But if we have a mere bad recession (1973-74ish, or 1980-81ish, but longer lived with a slower recovery), you'll see more variance in the degree of suffering. You'll also see more disagreement about who is deserving of help and why, and there will be lots of arguments that boil down to equity versus efficiency.Yves Smithhttp://www.blogger.com/profile/03506020285476330865noreply@blogger.com