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China's stock market is crashing, Chinese are trying the fix America did in 1929
- ChuckMcM 11y agoIt is an interesting parallel but the People's bank can literally print new money, the Wall street banks of the 30's were limited in the amount of capital they could throw at the problem. That said, watching the collapse which looks exactly like any 'speculators all run for the exits' sort of deflation of a bubble, is instructive.
- bnolsen 11y agoStupid. That "fix" artificially kept the US in the doldrums until WWII was in full swing. They should let the bad credit/debt/investment/etc clear itself which should then allow for a healthy recovery. Subsidizing the conditions that caused the crash in the first place will just allow the problems to leach off the market.