Associate Dean Timothy Canova was quoted in an article in USA Today entitled, “Is today’s economic crisis another Great Depression?” in which Dean Canova commented, “Big declines in the stock market reduced people’s wealth and decreased spending.” He further stated, “$700 billion pales in comparison with what the country spent to get the economy out of the Depression in the 1930s, particularly if you include the massive spending for World War II. If one lesson of the Great Depression is that the Federal Reserve must be ready to expand the money supply, another lesson is that monetary expansion alone will not renew a growth path for the economy.” Read article…