[Will88]

The bank issue was the government not taking the promised action they wrote into law and forced the banks to sign on to it. That is government interference, not inaction.

The Fed is government appointed, but operates independent of the government once the positions are filled. And the Fed has always been largely made up of bankers and economists. Fed inaction caused the GD by shrinking the money supply rather than expanding it to support the banks need for liquidity.

And the GD was ended by the industrial output and manpower demands of WWII.

[Sensei Ern]

We’ll have to agree to agree, that both your viewpoint and mine were contributing factors.