2009/02/05

WHY THE FED CAN'T PREVENT A DEFLATIONARY DEPRESSION

In June of 1966 (similar to the warm sunny days of summer in 1929 and 2007), Brian Wilson produced the Beach Boys’ single “Good Vibrations.”
Capturing the positive feelings of the day, it quickly became a number one hit. But something had changed in 1967 when the Beach Boys moved on to their next album: Smile.

(2009 Feb 5 / Paul J. Lamont)