Re:great depression, Jack and the Beanstalk (Score 1)

whatever dude! I'm as big a fan of Chomsky as anyone else, but the cartel argument falls flat in the face of friendman's research showing a contraction of the money supply was the real cause of the great depression. Between '29 amd '33, there was a gross contraction of around %5 of the money supply. Literally, there wasn't money to invest. The federal reserve didn't really understand the value of monetary policy, and hence, made, in hindsight, a series of staggering errors of judement which guaranteed that a bad recession became the Great Depression.