Martin Wolf: After Watching This Europe Disaster, I Finally Understand How The 1930s Happened

Up until recently, the chaos caused by the Great Depression seems nearly inconceivable. At least, it was to influential Financial Times columnist Martin Wolf.

But in an editorial published yesterday, he writes that the euro crisis has led him to understand how fear and a lack of credible safety nets in the financial system can result in a disaster like the Great Depression:...