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Social Security is not a top candidate for extending the last Depression, though it could figure in this one. It's important to note that the real awesome thing
by fennecfoxen 11y ago
Social Security is not a top candidate for extending the last Depression, though it could figure in this one. It's important to note that the real awesome things for prolonging the last Great Depression were genius moves like the Agricultural Adjustment Act (price supports and paying farmers to not-grow crops while burning crops deliberately in the midst of famine, plus laying the foundations for every modern lefty's favorite Big Agribusiness complex) and all the centralized economic planning under the National Recovery Administration (industrial collusion and price fixing on both the local and national levels).
- paulddraper 11y agoTrue, at the time Social Security just wasn't big enough (yet) to make much of a difference.