john cena Posted March 17, 2016 Share Posted March 17, 2016 This video claims (NOT inclusive):"The government doing nothing causes booms and busts""The reason the great depression happened was because of Andrew Jacksons hatred for central banks, and that the government did not take absolute control of the situation""Getting off the gold standard was a heroic move""Food prices dropping due to excess is a sign of market weakness""The stock market crash and the great depression were not the same thing""Margin buying was not nearly enough stimulation to fix the economy""Deflation is much worse than inflation"All I can say is.. Jesus christ, these kids don't stand a chance in these hell holes. It's no wonder we have such an economically illiterate populace. 2 Link to comment Share on other sites More sharing options...
AncapFTW Posted March 17, 2016 Share Posted March 17, 2016 I especially like how he said that the Great Depression happened because the US Government didn't bail out the banks. He did The Onion proud. Wait, this wasn't a parody? Link to comment Share on other sites More sharing options...
Mister Mister Posted March 17, 2016 Share Posted March 17, 2016 I was scrolling through the comments, saw an argument between Austrians and Keynesians, and found this gem. "Nah. Currency backed by gold is actually quite limited." Limited...yea that's the fucking point!!! Link to comment Share on other sites More sharing options...
ThatDrewGuy Posted April 11, 2016 Share Posted April 11, 2016 My Freshman year of high school, my history teacher told us that Hoover was a free-marketer while also telling us that he started the construction of the Hoover Dam and started federal work programs. Double think is a heck of problem nowadays. Link to comment Share on other sites More sharing options...
Recommended Posts