This chapter explores various economic theories surrounding the Great Depression, including the New Deal's effects and the monetarist and Austrian theories of its causes. It emphasizes the shift in economic thought post-1970s and addresses contemporary concerns about the economy, advocating for investment in precious metals as a safeguard.
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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