NPR clip: Causes of the Great Depression and Fed’s role – Piggington's Econo-Almanac

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August 7, 2006 at 6:03 PM #7128

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About 1/2 way through, they speculate about the major cause of the Great Depression being the Federal Reserve’s policy of keeping interest rates artificially low.

http://www.npr.org/templates/story/story.php?storyId=4973719

This piece was brodcast in 1979, talking about events in 1929 but it’s AMAZING how many of the same issues are with us again.

August 8, 2006 at 10:32 PM #31353

powayseller
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Thanks for the clip. I will listen to it first thing tomorrow.
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