Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
Thursday, October 02, 2008
Milton Friedman on the Great Depression
The late Milton Friedman, a Nobel Prize–winning economist, explains a major cause of the Great Depression:
he... great point. Our federal bank could go under very easily with all this new debt!!! Now, THAT would be a HUMONGOUS crash!
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