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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: c.hinton who wrote (1664)8/12/2008 6:49:22 PM
From: DMaA  Read Replies (2) | Respond to of 3816
 
What is your definition of a speculator?



To: c.hinton who wrote (1664)8/13/2008 11:13:56 AM
From: TimF  Read Replies (1) | Respond to of 3816
 
The speculators where not any more pure than the next guy, but they where not the prime cause of the great depression. Sure I guess in a sense they can be blamed for the bubble in stock prices, but bubbles pop all the time without resulting in anything like the great depression.

this is capitalism yu know

Once the depression actually started, the main thing that kept it going for so long was moves away from the free market, and towards government imposing control.