Comparing Great Depression I with the current Great Depression II, the cause has been the same, and the responses have been similar.
Great Depression II was preceded by the government and financial cronies creating 303 percent more money over sixteen years.
Great Depression I was stretched out from a time-limited recession to an interminable depression by governments.
Great Depression II is being transformed likewise by governments.
People are entering into Great Depression II considerably more productive.
At the same time, our governments are also entering into Great Depression II treating us as considerably more indebted.
Where people entered Great Depression I with the US's national government debt being only 44 percent of gross domestic product, we are entering Great Depression II with none of that same capacity to withstand massive error.
https://mises.org/mises-wire/great-depression-and-great-depression-ii-similarities-differences
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