Exactly. The demonstrative effect here can not be understated. When economists mention the CRA, they aren’t saying Carter caused the collapse in 2008, or whatever party loyalists hear when they see that. The CRA is instantly dismissed as unimportant, as 1977 was a long time ago, and this couldn’t have happened because of just that.… Read More Redditor Posts Dissertation on Causes of the Great Recession
I found a really great query that searches for companies that went under during the Great Depression. It returns a ton of great results.
Can anyone possibly imagine more than two years of real unemployment rates exceeding 30%?