Deja Vu All Over Again… Again – Ep 857
The Peter Schiff Show Podcast
00:00
The Great Depression of the 1920s
President Herbert Hoover was the first president to dramatically intervene in the markets. He ran enormous budget deficits to stimulate the economy when Franklin Roosevelt initially ran against Hoover. When FDR became president, he simply expanded all of the failed policies of Hoover and made that depression great. The Federal Reserve threw an excessive increase in money supply and an artificial reduction in interest rates turned that bull market into a mania - laid the foundation for the bust.
Transcript
Play full episode
