The Great Moderation and the Great Depression

i think the crazy cut on the twenties and thirties was that we didn't need to have as big of a crash you could. The tail wind of scientific and technological progress got badly mismanaged financially by whoever you blame the crash on. And so i think that's, that's what actually happened in the thirties and then, and then we tried to sort of manage all these financial indicators much more precisely in recent decades. Even though the tail wind wasn't there at all.