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re: Are we about to go into a depression? Serious question.

Posted on 3/25/20 at 7:53 pm to
Posted by Armytiger87
Columbia, SC
Member since Aug 2015
129 posts
Posted on 3/25/20 at 7:53 pm to
quote:

It took one day in 1929 to frick the economy up for 11 years.


Um, no. Unemployment didn’t get above double digits until the Smoot-Hawley tariffs were enacted almost nine months after the crash. Massive government intervention throughout the decade of the 20’s prolonged unemployment depression.
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