Message from @Kinky Kitsune (Coomer)
Discord ID: 687850689036156928
fed prints money to try and save it
it obviously doesnt work and makes things even worse
great derpression had the dustbowl though
and people will start mass selling their stock prolly
which makes everything even worse
and then the government screwed the incentives for farmers
think about the manefactories tho
most of them are still in china
most of the great depression was FDR's fault
didnt he literally fix it
like think of how socialist countries fuck shit up
no he made it worse
day 1 in the manila containment zone : so far less traffic due to less people outside and lots of asian food places have closed down
"Meeting new people in social situations makes me slightly anxious"
Im pretty sure every1 can "slightly agree" to that
great depression would have gone away on its own
also betting trump is gonna get blamed for this
100% he will
just like how bush got blamed for katrina
I mean he partialy is
even though katrina was the shitty local government's fault
considering how he thinks corona is no big deal
and they even went to prison for it
Ironically Harding did the right thing in his depression: freed the market/ downsized the gov't
if he thinks corona is no big deal, why are things changing to deal with it?
maybe he changed his opinion by now idk
```President Harding's laissez-faire economic policies during the 1920–21 recession, combined with a coordinated aggressive policy of rapid government downsizing, had a direct influence on the rapid and widespread private-sector recovery. Woods argued that, as there were massive distortions in private markets due to government economic influence related to demands of World War I, an equally massive correction to the distortions needed to occur as quickly as possible to realign investment and consumption with the new peacetime economic environment.```
but I recall him saiyng it's no big deal
great depression also affected europe and I'm sure they made things worse
he's scared of it and doesnt know how to deal with it, so his first approach of down playing it wasnt working, and now he's doing the other extreme of overprepping kinda
blocking all travel in to the US from europe is a pretty big deal
the world economy was reliant on america
almost like now
althrough its good that citizens can still travel
you see where im going with this
the only thing missing is a great natural disaster that shuts down wide section of the industry
oh wait
corona
