Fed, Banking Regulations, Capital Flow, Crisis, Part 4
This article analyses the current economic and financial situation in United States under the light of experience during 1920 Depression. Performs a comparison of fiscal and monetary manipulation by government, at the expense of tax payers, to “fix the economy” versus Laissez-faire. Highlights the sharp contrast in policies and resultant recovery during 1920 and 1929 depressions. Discusses the underlying factors behind this huge difference.
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