link to original reddit post by /u/Parkin_Wafer
A lot of people like to bring these up and say that capitalism/greed caused the economy to crash.
I always argue that the Hawleey Smoot Tarrif Act made the Great Depression a lot worse and the economy would have self corrected if that bill never passed. However, I can’t find evidence that 2008 was caused by government. I would like your input because I am a libertarian (pro small government) and I want to understand these two economic crisis more in detail.
Thanks!