"If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money supply and so check the movement."
--Harvard Economic Society, Oct. 19, 1929
Today, we all understand how simple this is. That's why Japan solved their problem in a matter of months after 1990, simply by dropping interest rates to the zero limit, and giving away bushels of money to all comers. Presto! Problem solved!
(You mean...it didn't work like that?)