128shot
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Isn't that what caused the great depression is fed reserve spending?
from: http://en.wikipedia.org/wiki/Great_Depression#Causes_of_the_Great_Depression
So, why are they still around if they are a root in the problem of this great catastrophy?
More recently, it has been the prevailing belief among economists that the stock market crash of 1929 was not the primary cause of the Great Depression, pointing to telltale signs of an imminent economic disaster in various statistics leading up to the Depression as well as the downturn in Europe which was already in progress. Today the most widely accepted theory is the one advanced by Peter Temin: the Great Depression was caused by catastrophically poor monetary policy pursued by the United States Federal Reserve during the years leading to the Great Depression. The policy of contracting the money supply was an attempt to restrain inflation, which exacerbated the actual problem in the economy, which was deflation.
from: http://en.wikipedia.org/wiki/Great_Depression#Causes_of_the_Great_Depression
So, why are they still around if they are a root in the problem of this great catastrophy?