The Depression that never was

posted in: The Economy | 0

The Depression That Never Was: What If The Government Didn’t Intervene?

by Jonathan Davis

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.