replies to this show that apparently everyone still thinks the great depression was caused by the stock market crash
https://twitter.com/sgodofsk/status/1317279760976875520 …
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fwiw the great depression was actually in the US more like two separate recessions causes were polycausal and complex major contributing factors to the long duration of it included repeated bank failures and fucked up contractionary monetary policy
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schwartz and friedman have a good chapter on the history of it in A Monetary History of the United States Bernanke is a noted modern scholar of the Depression incidentally
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this is ~50% correct and most of where its wrong is errors of omission rather than commission which is a good improvement over baseline the problem is that most of this stuff may as well be described as "eldritch forces" without years in macro/finance https://twitter.com/meh262/status/1317897948945141763?s=19 …
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Oh yeah they straight up taught me that and I graduated high school in 2012
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The cognitive aftermath of unlearning so much that isn't so has been exhausting. Decades of following news and accepting Accepted 20th c. history from Authorities only to find enough of the building blocks were fake that I should have IQ 85 ignored all of it to go ride dirtbikes.
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Even zombie FDR propaganda is effective.
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I intuited this because I am reflexively auspicious of history and FDR more specifically but don’t know enough to explain it to myself
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Nah it was Net Neutrality
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