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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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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Anonymous 0 Comments

Look up the 2008 financial crisis. That could have very well turned into a Great Depression R2, if not for the actions taken by the Federal Reserve and the government at that time

Another Great Depression is not impossible, but we have a lot more knowledge and a lot more tools to work to avoid one now vs then

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