3 ms·
The Great Depression was caused by a 40% reduction in the money supply following a decade of easy money fed policies (the "roaring 20s"). It is no coincidence t
by agorabinary 13y ago
The Great Depression was caused by a 40% reduction in the money supply following a decade of easy money fed policies (the "roaring 20s"). It is no coincidence that shortly after the federal reserve was created we had the biggest bubble/crash in American financial history.
In any case, regulation is force. What if some people want to take on greater risk (as you see it) and engage in unstable speculative investment? They should have that right.