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The root cause of that bubble induced crisis was the Fed's
Posted on: February 19, 2020 at 13:09:30 CT
JeffB MU
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artificial suppression of interest rates and easy money... which incentivized the banks to loan out all of this cash.
See Prof Roger W. Garrison's talk on the topic here:
https://youtu.be/5rJceunyCwU
See Prof Roger W. Garrison's talk on the topic here:
https://youtu.be/5rJceunyCwU
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The root cause of that bubble induced crisis was the Fed's - JeffB MU - 2/19 13:09:30