> Why do you think central bank policy has been able to prevent a depression from occurring over the last 90 years, when in the past they were a regular occurre

> Why do you think central bank policy has been able to prevent a depression from occurring over the last 90 years, when in the past they were a regular occurrence? There is a strong school of thought that argues that central bank policy has created _more_ and _worse_ depressions than before. The fact that we can now debate if a central bank is a good thing or a bad thing is evidence that it's all pseudoscience.