DIMON: “.. the way it’s going now, there will be some kind of bond crisis, and then we’ll have to deal with it.” https://i.redd.it/d1e3c9vjvyxg1.jpeg Posted by Conscious-Quarter423
RichKatz on April 28, 2026 5:54 pm Yes. The credit collapse in the 1930s was in fact part of the problem.. Professor Steve Keen in fact responds > “The Great Depression was caused by a collapse in credit-based demand, at a time of very low inflation.” https://profstevekeen.substack.com/p/what-caused-the-great-depression See also: https://old.reddit.com/r/economy/comments/1sy8ebe/so_i_asked_google_how_bad_was_the_depression/?
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Yes. The credit collapse in the 1930s was in fact part of the problem..
Professor Steve Keen in fact responds
> “The Great Depression was caused by a collapse in credit-based demand, at a time of very low inflation.”
https://profstevekeen.substack.com/p/what-caused-the-great-depression
See also:
https://old.reddit.com/r/economy/comments/1sy8ebe/so_i_asked_google_how_bad_was_the_depression/?