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Ironically, FDR's economic policy amounted to "we'll try every kind of beating until morale improves". Completely incoherent market interventions aren't good f
by fiatmoney 11y ago
Ironically, FDR's economic policy amounted to "we'll try every kind of beating until morale improves". Completely incoherent market interventions aren't good for markets.
https://en.wikipedia.org/wiki/Recession_of_1937–38 https://en.wikipedia.org/wiki/Recession_of_1937–38
- stretchwithme 11y agoPeople that want to buy and sell will do that, unless someone is interferring with price or threatening profits. The Federal Reserve expanded credit to give us the Roaring 20s stock market. Eventually, there HAD to be a correction. Instead of letting things correct, government interferred and made it worse. And then kept repeating that. And we've done the same thing with the housing bubble.