The Great Depression: Can It Happen Again?

The Great Depression: Can It Happen Again?

[SteveHartman-myrg]

Yes. It hasn't because of FDRs stops enacted

[lucmarchand]

If this happen is going be hell mess figure out how stop and rebuild in place.The 2008 mess in wall- street put this on table.Myself i think is 50/50 but the real must raise fast due today finance is global all work 24 hours a day this tough figure out.😮

[stpOwner]

Depressions are a useful and necessary cycle in economics. It's the weather equivalent of a bushfire, clearing out bad debts and overextended businesses, households, and governments.

It's naive to think balance sheets should grow to infinity.

[walterbrownstone]

YouTube loves to delete me. You can say covid but I can't.

[sirus]

lol you are going down the wrong hole with models. The collapse will happen when people make too much in the stock market vs working at the companies going up.

[antoineroccamora]

Hahaha this is THE PROBLEM😂 People who grew up thinking Depressions are a necessary evil, nature basically. You never read a book or even finished watching a documentary like Inside Job or Merchants of Doubt, Requiem for the American Dream??

Balance sheets shouldn’t grow to infinity✅ But that doesn’t mean it can ONLY be corrected by total economic meltdown. Common knowledge these were willfully constructed by (short term) Greed

[adenwellsmith]

It will do. Keynsian deficit spending and the state's debts are the invetiable cause of the mess.
25 years of Keynes on steroids and look at the mess.

[WhittierStables]

Stop worrying about a Great Depression. People have to understand that capitalism has good a bad in it. The bad part is that capitalism creates winner and losers because capitalism creates competition. On the other hand, capitalism is the best way to feed the 8 billion people (and how we got overpopulation in the first place through agriculture's creation of profit). People have to live in a world of contradiction which is, we have a social compact that allows a civilization to exist and yet, at some level, we have to compete. The social compact is essentially a tacit contract in which you give up some things to get others. But we are in a time of winner-take-all. So, be afraid of a French style "Reign of Terror". When the social compact breaks down, all you have left is competition to survive.

[ChrisTaylor-dznk]

It did happen again😅now we have more dept.money is only a form off trade 😅your talking😅money .salt gold.silver.😅basic economie 😅30 years of bad governments and print.more money 😂😂😂😂😂😂🎉money has no value only a form of trade😅