37388, RE: Why the auto bailout failed Posted by burntheblobs, Dec-31-69 06:00 PM
Originally posted by ez
Originally posted by burntheblobs The system never "fails".
Ever read a history book?
Yes. "Failures" such as the great depression are not failures at all. It was just the market trying to correct for people overestimating their chances of making money. When it fell through, the market acted accordingly. If you look at history, you will notice periods of economic growth and shrink as a cyclical pattern. It never just dies.