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Who gets to pay to clean up after the crash when people have no money? We’ve learned this lesson a few times already.

• dnautics 9y ago
  If there's limited central bank intervention, it's usually the rich, to be honest. Even with the great depression, income inequality was worse before than after. A notable exception is the 2008 crash when bush was saying things like we must break capitalism to save it as an excuse to soak the banks and companies like GM and Obama certainly continued the stimulus policies that helped the wealthy. As for the suffering, probably the social capacity to weather a depression is largely mitigated by technology. The 2008 recession was not far off from the great depression by certain metrics, but people were not starving in the street, because food (even unsubsidized food) is relatively cheap and has a predictable supply chain.