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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (52001)6/4/2006 12:38:52 AM
From: mishedlo  Respond to of 116555
 
He may be a student of the great depression but IMO he would flunk.

Mish



To: Steve Lokness who wrote (52001)6/4/2006 9:52:00 AM
From: Moominoid  Read Replies (1) | Respond to of 116555
 
According to Bernanke's textbook which I used for the Introductory Economics course I taught the primary cause of the Great Depression was bad economic policy which turned a minor recession into a depression. This included raising interest rates and tightening monetary conditions after the initial stock crash, trying to balance the budget and increasing protectionism. I agree with him up to a point.


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