Economic Mismanagement During the Great Depression

The Federal Reserve lowkey flopped hard, becoming a goon in the face of the Great Depression. With responsibilities like keeping full employment and stable prices, it totally missed the mark. Skibidi boom, the money supply contracted by 30%, leading to deflation that wrecked farmers and debtors alike. As cash became rarer than a Sigma grindset, loans went unpaid, and bank runs turned into a massive toilet of panic. Schwartz and Friedman later broke it down, revealing how monetary mismanagement transformed a regular recession into an epic disaster. The edge of economic collapse was real, and the Fed was sailing on a sinking ship, leaving many to face the dank reality of financial ruin.