1929 Crash The great myth
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@freddyvoetsch nice to see someone with a brain commenting
ahqb8ghs 4 months ago
Actually the crash of 1929 PREDICTED the Great Depression. The Fed might have slowed the decline, as we are doing now, but only to lengthen and possibly deepen it. I find Dr. Sylla's comments to be typically academic, much like the thinking of most of those in power who are making our current situation worse by not respecting market forces.
freddyvoetsch 5 months ago
@ajgolfer1 Honestly, the Smoot-Hawley didn't cause or intensify the Great Depression (It didn't help though) Tariffs in the US pre-Smoot Hawley were already over 35%. Granted the Smoot-Hawley did hurt the economy since the US seriously lost its comparative advantage.
austenbosten 9 months ago
dont forget the tariff and what that did
ajgolfer1 1 year ago
Real Talk!
tellpipe11 2 years ago