Yep. The recession has not been engineered by the "elite" sociopaths.
Recessions are generally cyclical but they can also be brought on or exacerbated by price fixing.
Price fixing = government meddling = excessive regulation
Hi Ted: You are joking, right?!
That the Government cause recession is absurd, the Government regulations such as EPA, Wall Street, the Banking industry, minimum wage, OSHA etc has to be greatly improved! Regulation of the dope industry (drug companies) has to be enforced and also greatly improved.
Those that would poison our water and air, let people die from contaminated foods etc are all irresponsible corporate sociopaths and the allegiance of anyone running for Government is clearly indicated by the corporate cry regarding less regulations!
It is true that the Government cause a lot of problems which is why we have to get money and greed out of the people we elect to higher office!
Milton Friedman and Anna Schwartz rather conclusively demonstrated that bad Federal Reserve policy was responsible for the length and depth of the Great Depression.
Here are at least 8 causes and that is exactly what the Republicans are trying to do again today.
!. Unequal distribution of wealth. There was not a large middle class. While wages were rising for the majority of workers, they were not keeping pace with the increase in the cost of living or the wealth in the hands of the industrialists and others in the upper income classes.
2. There was over speculation in the Stock Market, which was not regulated.
Many Americans purchased stock on credit. This was known as margin buying.
3. Increased manufacturing and agricultural output, but wages that did not keep pace for the consumers to purchase all that was produced or grown. Hence, inventories increased and agricultural income remained low.
4. Buying on credit, known in the 1920s as installment buying. People purchased things like refrigerators on time, and did not have money to pay for the product in the future, when the bills became due.
5. Federal regulations on businesses also contributed to the cause. Especially favorable to the large corporations were the taxes laws which were written to encourage business expansion.
6. Banks were permitted to speculate in land and the stock market with little
government regulations.
7. High tariffs and war debts helped spread the depression world wide.
8. The Stock Market Crash of 1929 signaled the beginning of the Great Depression
Do the Right-wing-nuts ever answer?
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