Quote:
Originally posted by Buff@Feb 27 2004, 06:30 PM
Ok, Colin, since you don't think we'll have another Great Depression, you must know what caused the Great Depression, and what is different such that it can't happen again.
So I ask you, what caused the Great Depression?
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I didn't say it can't happen again and nor did you read that. (Why are you trying to redirect the conversation like that?) It's highly improbable. If you want a treatise or two on causes of the Great Depression, I'll be happy to recommend a few books for you.
Go to a used bookstore and you will find dozens of books from over the years with titles like "The Coming Depression", "The Coming Economic Earthquake", and "1929 Revisited". They come. They go. People buy them because they are afraid. The authors of books like this all thought they saw a pattern that reminded them of 1929. Jesus, go read the gold standard sites. Those people are ALWAYS predicting a horrible recession and without even looking I GUARANTEE they are right now.
And if you want to bet that a depression is coming soon, go right on ahead and join the long list of fools who published the above nonsense.