I didn't claim it was the only factor. Read this: http://seekingalpha.com/instablog/428250-michael-clark/605631-private-debt-caused-the-current-great-depressi

I didn't claim it was the only factor. Read this: http://seekingalpha.com/instablog/428250-michael-clark/605631-private-debt-caused-the-current-great-depression-not-public-debt http://seekingalpha.com/instablog/428250-michael-clark/60563...