What the Great Recession of 2008 caused by capitalism and free-markets?
The 2008 Financial Crisis was caused not by the free-market, but by government intervention in the marketplace.
Depressions
Great depressions are caused by the government’s monopoly on money, and central banking, and not by capitalism and the free-market.What was the Great Depression (1930s)?
The government’s Great Intervention into the economy was the cause of the Great Depression of the 1930s.
Does capitalism cause inflation?
Inflation is the general increase in prices caused by a government currency monopoly increasing (inflating) the money supply with fiat ‘money’ (money not backed by actual physical wealth).
Does capitalism cause depressions?
The economy crippling, nationwide cycles of “booms” followed by “busts” are the result of the only agency that has the power to act on a nationwide scale: the government.
How do central banks magnify booms and busts?
How state currency monopolies tend to promote booms and busts.
What is the Smoot-Hawley Tariff Act (1930)?
Tariff Act of 1930 led to the reduction of American exports and thus jobs.