: Good Job he's an economist, he'd fail history soooo badly...
From what I read in the UK he still would have gotten an A grade GCSE anyway!
: Except they came from Engalnd, a bastion of free-marketism,
He might have to settle for a 'B' then.
The point I think was that they weren't 'bound' to happen in the same sense that a brick droppped is bound to fall. Shouldve made it clearer if that was the intent.
: However, not, that narrative does not blame the Government *for* teh cirsis, simply that when the crisis hit, people found teh Government wasn't immune...
The evaluation given in the 1837 link does provide some evidence of government causality along with other factors. the major point was that private ownership and free trade was nopt 'at fault' here.