It’s just a word. That’s the main thrust of many of the comments on my last blog entry, several e-mails, and a lot of tweets. The other side of the same argument is that words can be very powerful, so what’s the point in using that power to scare people? If we call it a Depression, a Recession, or a Banana it doesn’t really make any difference except the potential for panic. Why do I want people to panic?
Just as the power of words leads many people to think we might as well avoid the incendiary word, taking away its power, the goal of using the word Depression for me is to actually avoid panic. I want to confront this thing head on.