3 ms·
I'd be interested to know more on this. Sources/links?
by rndmize 9y ago
I'd be interested to know more on this. Sources/links?
- jrs95 9y agoIt's been forever since I've read about this, so I don't have much, but even just looking at the wikipedia page[1] the view expressed in this article seems to sort of fit with the Keynesian and to a lesser extent Marxist views listed. However, even those are a lot more complicated than what's in this article, which seems to be an oversimplification at best. What I was reading many years ago was likely from the perspective of a Monetarist, so it could have been a bit biased. Even so, the Keynesian view doesn't really seem to boil down to "tax cuts caused/exacerbated underconsumption which helped lead to The Great Depression". [1] https://en.wikipedia.org/wiki/Great_Depression#Mainstream_explanations https://en.wikipedia.org/wiki/Great_Depression#Mainstream_ex...
- poke111 9y agoSee here for one perspective https://fee.org/articles/the-great-depression-according-to-milton-friedman/ https://fee.org/articles/the-great-depression-according-to-m...