Booms Quotes
Ireland’s economy crashed in the Meltdown of 2008 and its Banks failed causing the rest of the economy to crash.
Paul wanted to abolish the Federal Reserve Board. This is a political viewpoint that goes back to the Founding Fathers debates about a national bank. Andrew Jackson terminated the national bank and later the concept of the Federal Reserve Bank took its place.
In the simplistic understanding of economics at the end of the 19th century, the cause of depression was thought by many socialists and others to be over-production in times of plenty. At the beginning of the 21st century, man was still unsure of the exact causes of recession and depression, although a number of different factors were proved to be involved.