Amen. Ben Bernanke is an expert on The Great Depression, and why it happened. He knows the mistakes that were made then, and what could have stopped it.
You make a great point, because all the pics of the late 1920’s I have ever seen were partying, fancy clothes, dancing and spending lots of money. The pics after the big crash...a year or two later were quite the opposite.
Wall Street is the precurser to what happens on Main Street.
As a former member of the FEDS Board said early today. His grandfather owned a store, and laughed when the rich lost their money in 1929....a year later his store closed and he was out of work....MAIN STREET IS ABOSOLUTELY THE RESULT OF WALL STREET...just a short ride behind.
His grandfather owned a store, and laughed when the rich lost their money in 1929....a year later his store closed ...
Good post