No, This Isn't the Thirties

European bankers in a panic. Stock markets collapsing ‘round the world. It looks like a rerun of the Great Depression of 1929 to 39, when between one-quarter and one-third of all American workers were unemployed; when Europeans, reeling from the collapse of the largest bank in Austria, blamed Americans for starting the crisis. But history isn't repeating itself, says Gary S. Becker, the Nobel laureate, in the Wall Street Journal. Writing in the New York Post, the Hudson Institute's Irwin M. Stelzer echoes that sentiment. Elsewhere in the Post, CNBC's Jim Cramer is hammered for reversing his bullish optimism and telling everyone to sell. "Bet against Cramer,” warns John Crudele.