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It'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 s
by jrs95 9y ago
It'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...