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The Great Depression happened shortly after the Federal
Posted on: February 21, 2020 at 20:22:03 CT
JeffB MU
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Reserve was spawned into existence and that was no coincidence.
The Austrian economists were jumping up and down warning about the giant bubble back in 2006, perhaps a little earlier and no one listened to them.
The bursting of the bubble that brought us "The Great Recession" in 2008 took a few years, but it happened just as Peter Schiff had warned while all of the Keynesian economists were caught with their pants down.
Here is a nice explanation of the business cycle by Auburn economics professor Roger Garrison:
https://youtu.be/tR-Tta3Pm28
Edited by JeffB at 20:23:20 on 02/21/20
The Austrian economists were jumping up and down warning about the giant bubble back in 2006, perhaps a little earlier and no one listened to them.
The bursting of the bubble that brought us "The Great Recession" in 2008 took a few years, but it happened just as Peter Schiff had warned while all of the Keynesian economists were caught with their pants down.
Here is a nice explanation of the business cycle by Auburn economics professor Roger Garrison:
https://youtu.be/tR-Tta3Pm28
Edited by JeffB at 20:23:20 on 02/21/20
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The Great Depression happened shortly after the Federal - JeffB MU - 2/21 20:22:03