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Wall Street Legend Jim O'Shaughnessy - A Calm Voice in Turbulent Times (EP.222)
Panic with Friends - Howard Lindzon
What Should I Do to Cause a Depression?
Howard Kurtz: The U.S. did the wrong thing in 1929 when it contracted the money supply by like 80%. He says Washington was thinking that Wall Street speculation had gotten out of control and needed to be punished. Kurtz: We socialized losses, we put Bear Stearns and Lehman Brothers at the stake; this is not great for free markets.
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