http://www.gusmorino.com/pag3/greatdepression/
yeah if you believe the keynesians
Anyone can make money in America. We may not all be billionaires, but we can do well. The stock market is a bit out of control; however. Redistributing wealth via unfair taxes (you think it won’t happen?) Will KILL the economy. Dead.
Surviving banks, unsure of the economic situation and concerned for their own survival, stopped being as willing to create new loans.
This sounds like leftist claptrap. The true cause of the depression was the sudden calling in of the loans which most people could not pay in such sort notice. The unequal distribution of wealth can not cause a depression all on its own - it is only when less affluent are suddenly made even poorer when the flow of capital becomes restricted.