Small-scale economic downturns did happen once a decade, because that's natural in a healthy economy. Federal Reserve tried to prevent a downturn in 1929, but t

Small-scale economic downturns did happen once a decade, because that's natural in a healthy economy. Federal Reserve tried to prevent a downturn in 1929, but their misguided monetary policies made it two orders of magnitude worse instead. Milton Friedman once wrote a great analysis on this: https://fee.org/articles/the-great-depression-according-to-milton-friedman/ https://fee.org/articles/the-great-depression-according-to-m...