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You are currently reading a thread in /his/ - History & Humanities
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Anonymous
Education Stories 2016-03-29 03:10:34 Post No. 902669
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Education Stories Anonymous 2016-03-29 03:10:34 Post No. 902669 [Report]
>history lecture at uni
>we're studying the Great Depression
>"The laissez-faire economics ushered in by Calvin Coolidge caused the Great Depression" t. professor

Are people really this idiotic? How can an economic system be laissez-faire when there is a central bank, permanent income tax, and military-Keynesianism (see Banana Wars)? Even if era could be described as laissez-faire, how did it cause the Great Depression? Even Bernanke himself admitted the fraudulent policies of the federal reserve led to the Depression.
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Anonymous 2016-03-29 03:20:11 Post No.902698
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Anonymous 2016-03-29 03:20:11 Post No.902698 [Report]
>>902669
Presidents had very little effect on governance at that time, too.

The current era of a strong leading president didn't get ushered in until FDR became president.
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Anonymous 2016-03-29 03:21:21 Post No.902704
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Anonymous 2016-03-29 03:21:21 Post No.902704 [Report]
>>902669
>Are people really this idiotic?
Yes. Everyone has an ideology. And everyone will defend that ideology to the (intellectual) death
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Anonymous 2016-03-29 03:40:45 Post No.902756
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Anonymous 2016-03-29 03:40:45 Post No.902756 [Report]
>>902669
Spend more time learning from your teachers and less time telling yourself you know everything.
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