Eli5 what protects us from having another great depression? Is it even possible for us to get there or are their measures in place to stop that ?
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An additional example is farming subsidies. People who don’t quite understand agriculture and economics love to complain about the government paying people not to farm. But stabilizing farm profits and incentivizing crop rotation practices has helped provide historic food stability for nearly a century in the US (and exported that globally)
Additionally this let’s the federal government keep food prices artificially low for consumers without direct dabbling in markets which have historically shown to cause production disruptions. (oddly enough people love having prices fixed in their favor but hate working for negative profits)
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