"The reason the Great Depression happened was the same reason that the financial crisis of 2008 happened. Everyone was overleveraged and the total amount of money being borrowed collapsed. That is why an average of 1,287 banks failed every year from 1930 to 1933."
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Fantasy authorsNovelists from the United StatesColumnists from the United StatesBloggers from the United StatesVideo game developers
Original Language: English
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Theodore Beale, A Timely Reminder on Tariffs, Vox Popoli, 2 December 2024
https://en.wikiquote.org/wiki/Vox_Day
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Vox Day
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