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RE: Snaps Container // 1745388720

in Snaps • 3 months ago

We may have read our history just a bit differently ... not all bad still means "still bad," and they minded their pockets more than the store. The Great Depression has a lot of causes, and one of them is, EVERYONE was fattening their pockets and not minding the store.

3 months ago in Snaps by
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         3 months ago 

        I didn't say it was good.

        Greed is a constant. It doesn't explain the boom-bust business cycle. Credit expansion does. Easy money distorts the price system with false supply & demand signals. Malinvestment builds a bubble. That's the root problem.

        Here's a short e-book on it.

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               3 months ago 

              I do appreciate the e-book; it will make a good addition to what I have on hand.

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