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To: jdsteel
The Fed made the Great Depression WORSE,
and drug out a normal recovery, that should have only been 2 or 3 years long, and made it 10 years.
We need to get rid of the Fed !
This time, the Fed's setting us up for a Depression that will last a lot longer than 10 years, and will be much, much worse than in the 1930s.
77 posted on 09/21/2019 4:14:13 PM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: Yosemitest
The Fed made the Great Depression WORSE,

Yup. And Bernanke was determined not to repeat that mistake in 2008.

This time, the Fed's setting us up for a Depression that will last a lot longer than 10 years

How?

79 posted on 09/21/2019 4:34:34 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Yosemitest; jdsteel

“The Fed made the Great Depression WORSE”

And your proof for that claim is what, exactly?


83 posted on 09/21/2019 6:50:30 PM PDT by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
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To: Yosemitest

It’s widely understood that the money supply was tightened (see my previous post) when it should have been loosened at the beginning of the Great Depression, but to blame the length and severity of that downturn on that is ridiculous.

The blame lies squarely on FDR, our first Socialist President, and a Democrat supermajority in Congress. The “New Deal” was a disaster.

You made my point. You hate the Fed for stuff it didn’t do.


88 posted on 09/22/2019 4:27:58 AM PDT by jdsteel (Americans are Dreamers too!!!)
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