[IronJack]

I'm going to play uneducated, economic ignoramus -- i.e., liberal.

"What caused the Great Depression?" Please, serious answers ...

[Crucial]

The ignorant liberal response has always been the speculation of greedy capitalists. Now populists want to take up the same argument, just from a different angle.

[4Liberty]

The Money supply was cut by one third - then the Dust Bowl period hit, starting 1930...

As an economist, I call myself a member of the Austrian School, but I like to use natural disasters to explain downward movements too. So I side with the RBC (Real Business Cycles - Real Shocks) School as well. Monetarists say the initial crash was due to Fed tightening of the Money Supply....

Hope that helps.

[Arthur McGowan]

The Federal Reserve.

[crz]

Borrowing.