Fed buys $1T of Treasury, mortgage assets

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Originally Posted by Limited

You amaze me sometimes Rob, you clearly have no idea what you are talking about.

Also the government should keep there noses in it 24/7 for the next 10+ years. The issue will not instantly go away, sadly taxes will go up in 5+ years I personally think, they need to cut down on spending currently but later they will need to get more money in.

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Basically the Great Depression happened because Classical Economists believed that economies fix themselves, I guess they realized they didn't after over 9000 banks went broke (not a meme, actual fact).

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Originally Posted by leorimolo

Basically the Great Depression happened because Classical Economists believed that economies fix themselves, I guess they realized they didn't after over 9000 banks went broke (not a meme, actual fact).

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Edit: I'm tired, I need to go to bed. Otherwise, there would have been a counter-point here. Just didn't have time to develop it.