This chapter examines the causes of the Great Depression and the evolution of economic theories that arose in its wake. It highlights key perspectives, particularly the influential role of John Maynard Keynes on government intervention, and analyzes the effectiveness of policies implemented by Presidents Hoover and Roosevelt.
The roots of the Great Depression have been debated for decades, but what if the real culprit was bad government policy? In this episode, Ben dives into the economic chaos of the 1930s, examining the theories of Keynes, Friedman, and the Austrian economists. From government overreach to monetary mismanagement, discover how different interpretations of the Depression still influence economic decisions today. Could these historical lessons be the key to avoiding future financial disasters?
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