Harvard Economist (and 166 others) agrees with my views on the bailout! :)

[Jackson50]

fkusumot said:

TheRealMafoo said:

Jackson50 said:

fkusumot said:

TheRealMafoo said:

First off, the Great Depression was caused my the government not following the constitution, and this economic crisis is created for the same reasons,

How do you figure that?

I am not going to say it was an issue of constitutionality or not, even though some of FDR's policies were rules unconstitutional. The cause of the GD was an inflationary boom that could no longer be sustained. With that being said, the GD was prolonged because of government intevention.

Correct.

Incorrect. Your historical revisionism is fanciful but not entertaining. And once again, how was the Great Depression caused by not following the Constitution?

You do pretend to know a lot about economics and banking and how people make money (and lose it). Do you make a lot of money or do you just talk a good game? Just wondering if your theory of how the world works is any good in practice. Or are you practicing it? And how exactly would that work?

 

Are you saying it is incorrect that government intervention prolonged the Great Depression? If that is the case, I disagree with that assetion. That government intervention saved the economy is more myth than fact. It is the same assertion that Hoover was a do nothing president...all myth and no substance.