Sid is like Charlie Kirk don't bother
...how?
It’s a Keynesian myth people spend money
Less
sorry
had to
LOL
trumptard OWNED
I got memeD LOL
🤔
alright gg
But
xd
It’s a myth about the deflation thing
Things like the great depression crash (not the recovery) were exacerbated by deflaiton
When deflation occurs 90% of the time nothing bad happens
no it resulted in deflation
It was an effect
Because prices were adjusting to market levels
Which reinforced the depression
after the artificial push up
did nothing
What reinforced it was hoovers interventionism
And FDRs interventionism
deflation was an effect of the depression not a cause
deflation is good as real incomes rise, cheaper to do business etc
Not to mention demand doesn’t run the economy
sorry, old pic
But incomes fall, profits fall, wages fall
Which incentivizes hoarding, which delays recovery
(hoarding of money)
The depression didn’t end there
It continued until the 40s
unemployment was still damn high
Yes
if anything FDR continued it
Alongside Hoover
guys if we had communism
It took the biggest government stimulus in history to end the depression
