Stefan Molyneux responds to an assertion about the Chinese stock market, what caused the Great Depression and how it ended.
“Absolutely bullshit! The reason why the Great Depression was so bad was because Herbert Hoover implemented austerity. In fact, the Great Depression was fixed by massive state expenditures. It was named WWII. By the way, what caused the Great Depression? Huge amounts of PRIVATE debt. Funny that Stefan wouldn’t tell you this.”
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