If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.

Austan Goolsbee

About Answer Asked Avoid Borrowed Could Depression Great Great Depression Had Happen Here How Lot Money Much Paid Pay People Prevent Used Would You

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In the Great Depression, you bought something if you had the cash to buy it.

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We've gone through rounds of tax cutting and rounds of tax increases in modern U.S. history. We haven't really had a big igniting of a trade war belligerence since the Depression era, and that's not an era that we want to repeat.

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The 24% unemployment reached at the depths of the Great Depression was no picnic.

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Trade has helped the economy grow. Simultaneously, a sizable number of Americans haven't shared in that bounty, and if we don't pay attention to their concerns, all the political favor for open markets will dry up.

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