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S W
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Another Look at What 'Worked' in the Great Depression

- Jesse - Jesse's Cafe

Hey Platinoid...are you giving yourself down arrow ratings on posting ?

Commented 4461 days ago

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Beginning of the headline :Here is a fairly simple picture of some of the major metrics during the Great Depression. Too simple yes, but it tracks most of the major indicators. Hoover followed a policy of 'deleveraging,' that is, allowing for the economy to liquidate its prior excesses without changing much else. The Fed did respond to this crisis by expanding the monetary base fairly significantly as you can see... Read More

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