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The Fed's Role in Preventing a Recession
The question is, and the question has always been, how far does it go? How much are the other elements of government able to soften the blow and prevent a free fall? My real suspicion is that you just get this attenuated decline that is now managed by the Fed. It would be very funny though, if we get like a 29 style collapse of the economy. And then our FDR is second term Grover Cleveland Donald Trump with his insane vision of industrial autarky in America. But he'll never get that because he doesn't have what FDR did, which was a mass organized working class at his back. All he has is Republican voters. Their discrete opinions being filtered through a