SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Let's Talk About Our Feelings!!!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jack Clarke who wrote (22612)5/30/1998 2:07:00 PM
From: Father Terrence  Read Replies (1) of 108807
 
Jack:

Unfortunately, each time there is a cyclic downturn the government uses it as leverage to further its powerbase. The most blatant example being the years following the 1929 stock market crash.

As Noble Prize winning economist Milton Friedman has pointed out, it was U.S. government policy which led up to the crash and Roosevelt's New deal policy which turned the aftermath from a severe recession into a Great Depression that lasted many more years (and may have gone on into the 1950s had it not been for WWII).

If this country saw another Depression, the U.S. would probably become a fascist state.

FT
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News