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Warpy

(113,131 posts)
3. I think a lot of people felt the same way in the 1920s
Thu Mar 9, 2023, 10:32 PM
Mar 2023

and on into the early 30s when the bottom dropped out completely. After all, the 1920s were a big party when young women smoked, drank, and misbehaved, when the rich just kept getting richer and a lot of people were borrowing against paper profits on stocks they'd borrowed to buy. Then the bottom dropped out of the stock market and the banks failed and everybody said money just went away practically overnight. It took that much of a disaster to get reforms passed over the howls of old and new money alike.

I don't know what the catastrophe will be for us, I've been watching Russian propaganda today and I've lost too many brain cells to speculate.

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