I'm seriously biting my tongue because I know nobody likes my lengthy posts and everybody thinks they're a genius on topics which they have no education, yet it turns out those uninformed opinions are the same opinions wielded by the Hoover administration and many members of the Congress of the early 30s which actually caused the Great Depression.

This isn't some unknown crazy situation. Financiers and economists who have stuided the Depression, Lost Decade, Keynesianism, and have no conflicts of interest, etc have not been running around with their heads off, and have actually been implementing excellent policy.

The best example of this, even though there are many, is the bailouts. They certainly could have been done better, but their effectiveness thus far has still been very high. We forget (or don't even learn in the first place) that allowing the financial system to collapse was by far the biggest mover in turning a mild recession into the Great Depression.

Excluding uninformed lasseiz-faire libertarian/conservative ideology which science has shown to be disastrous economically, the main contention to the bailouts is that it'll cause hyperinflation. That also is hogwash for many non-abstract reasons. The economy is contracting, this means that we're in fear of deflation, not inflation, so there goes a bunch of the lamentations against inflation. But not only that, hyperinflation would take an astronomically epic amount of fiat currency creation/borrowing due to how many trillions upon trillions of USD exists in the world today. Even if we went the entirely ludicrous and implausible scenario of creating thousands of trillions of USD and collapse the USD the rest of the world would also collapse due to their extreme dependence upon US economy and currency.

This is not doomsday, economists and financiers have learned soooooooo much since the Depression, and we should thank our lucky stars that the man in charge actually listens to facts and logic instead of espousing rigid uneducated ideology like his opposition currently does and like the morons who created the GD did.