Read through the Wikipedia article on the Great Depression yesterday night. In short, we’re not really sure what caused it and we’re somewhat unclear about what stopped it, though expansion of monetary supply and then WW2 seemed to have done the job.
-
-
I believe New Deal was 40% of GDP and the programs were long-lasting more than one-off.
-
Maybe that's evidence that monetary and fiscal stimulus are not enough alone. Need expectations in peoples' minds to change. The expectation of economic hardship is enough to cause it.https://twitter.com/Molson_Hart/status/1241024681995579392 …
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.