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.
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Replying to @Molson_Hart
I’m a physics grad, but I work in a bank and get to observe economists up close. They are, by and large, lovely people but they all are wedded to ‘theories’. When a prediction they make fails to happen they blame ‘exogenous factors’ and happily use the same failed theory again.
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Replying to @fintwitfactche1
Word! And they have physics envy with all their ridiculous math. You're preaching to the choir here. I was a math and economics major so I know exactly what you're talking about :)
12:02 PM - 20 Mar 2020
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