Quote:
Originally Posted by Mike33
I have a question for economists on GFY. Is it possible (within reason) for us to ever face a 1930 style depression ever again where people wait in lines for bread etc. within the next 100 years or so?
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Nobody can give an answer for the next 100 years, for all I know we can be invaded by aliens with big cocks who will make us their bitches. But ala 1929 crisis is very unlikely, I've witnessed the collapse of the economy of BUlgaria more than a decade ago (one of the poorest countriesd in Europe) - banks were closing down, inflation skyrocketed, a sandwich was $0.50 one day and $4.00 the next, you get the picture.
Yeah, people were scared, lots of people left the country for greener pastures but lines for bread? Starving families en masse? Nope, nothing of that happened. And to happen to the richest country in the World you'll probably need:
idiot president
nuclear war
aliens with big dicks invading us
^^^ all at the same time
Right now you only have the idiot president ;)