The Depression That Never Was: What If The Government Didn’t Intervene?
7th March 201 7
“But we HAD to bail out the banks in 2009… otherwise we’d have gone into a depression.”
How often have you heard this or similar?
Thing is: it’s nonsense.
The decisions taken back in 2009 we re not made to protect the system and create long – term prosperity.
No. The course of action taken after the last financial crisis was designed to protect the political and financial elite.