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That's how we ended up with Great Depression. We don't want this to happen again.
by theamk 7y ago
That's how we ended up with Great Depression. We don't want this to happen again.
- CryptoPunk 7y agoThe Great Depression had nothing to do with people being free to buy stocks. It was a classic bubble being burst, followed by counter-productive government measures to prevent prices/wages from deflating (which they needed to do as the money supply contracted): https://www.eurekalert.org/pub_releases/2009-08/uoc--hps081909.php https://www.eurekalert.org/pub_releases/2009-08/uoc--hps0819... https://www.wsj.com/articles/SB123353276749137485 https://www.wsj.com/articles/SB123353276749137485