Soupnazi630
Gold Member
- Dec 9, 2013
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we were not discussing the depressionWrong.
The Great Depression was caused by greed, where banks over leveraged based on the economic boom from WWI ending.
And that will always happen and always require bail outs.
Without government regulation, business would always over leverage booms until they create a bust, resulting in a very inefficient boom/bust sine wave.
The US only appears to be doing well, but is about to fail totally from massive deficits and national debt.
It does not require bailouts