Little history on Recessions… Lessons in Recessions.
The question recently came up as to “I still have never gotten a great description how we got into the Great Depression?” The truth is, it wasn’t easy. But one of the best 4 minute explanations ever is on this YouTube video: Causes of the Great Depression. John Maynard Keynes, the king of Keynesian economics, would call these expansions and contractions, not recessions. You get them free with a capitalist economic system. With the exception of…