Professor Vernon Smith was featured in an article in the Bellingham Herald, entitled “Economist: Housing bubble caused Great Depression, too.” The article details Smith’s speech given at Western Washington University wherein he draws comparisons between the recent rise and fall of the housing market, and a similar boom and bust that occurred just before the Great Depression of the 1930’s. Smith stated, “We’ve got a lot of [economic turmoil] coming due yet… We still have shoes to drop out there.” Read article…