Here is the Vince view: https://howfiatdies.blogspot.com/2010/1 ... ndard.htmlHiggenbotham wrote: Thu Sep 03, 2020 6:41 pm You probably know that the mainstream view is "policy mistakes" were the cause of the stock market losing 90% during the Great Depression and that preventing those "mistakes" will result in losing less during any upcoming Depression. Seems to me like the US is making more mistakes than it did in the 1920s and 1930s.
In a nut shell they made the Fed in 1914 and printed money in the 1920s.