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 …
-
-
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
Show this thread -
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 …
This Tweet is unavailable.Show this thread
End of conversation
New conversation -
-
-
This Tweet is unavailable.
-
By increasing the money supply and keeping the interest rate low during the decade, the Fed instigated the rapid expansion that preceded the collapse. Much of the surplus money supply growth inflated the stock market and real estate bubbles. After the bubbles burst and the
- Show replies
-
-
-
fairly sure it was monocausal. the cause is too many economists.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
that's odd, I heard it was monocausal, resulting specifically from things you've been on about recently
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The causes of the bank failures? What was the theory (flawed) behind the contractionary money policy? What were the branch effects of the bank failures? I don't have immediate access to deep economics texts, because I'm a dork
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.