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This Book Will Upset Your Textbook

The Political Orphanage

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Economic Lessons from the Great Depression to the Great Recession

This chapter critically examines the economic conditions that led to the Great Depression and the subsequent Great Recession, exploring the roles of government intervention and banking regulations. It discusses misconceptions about the New Deal and highlights how regulatory changes contributed to the financial crisis of 2008. The conversation emphasizes the importance of flexible banking systems and the need for accurate understanding of past economic policies to inform future strategies.

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