To: Crucial
I'm going to play uneducated, economic ignoramus -- i.e., liberal.
"What caused the Great Depression?" Please, serious answers ...
18 posted on
12/23/2016 5:49:00 PM PST by
IronJack
To: IronJack
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.
30 posted on
12/23/2016 6:13:59 PM PST by
Crucial
To: IronJack; Crucial
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.
33 posted on
12/23/2016 7:04:33 PM PST by
4Liberty
(DEMOCRATS- Exporting Jobs, Importing Votes.)
To: IronJack
39 posted on
12/23/2016 8:54:06 PM PST by
Arthur McGowan
(https://youtu.be/IYUYya6bPGw)
To: IronJack
40 posted on
12/23/2016 9:10:27 PM PST by
crz
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