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 …
-
Show this thread
-
im not shitting on you if this was your knowledge of things how would you know better, apparently? just horrified
8 replies 0 retweets 60 likesShow this thread -
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
6 replies 1 retweet 64 likesShow this thread -
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
2 replies 0 retweets 49 likesShow this thread -
eigenrobot Retweeted
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 …
eigenrobot added,
This Tweet is unavailable.3 replies 0 retweets 41 likesShow this thread -
This Tweet is unavailable.
I mean hard to include like introductions to financial accelerators and the specific implications of all of the hundred schemes of Hoover and the New Deal in a digestible framework for lay audience :) I thought it was a solid effort
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.