tag:blogger.com,1999:blog-24904037.post3928363394286329861..comments2024-01-11T04:57:37.530-04:00Comments on The Furious D Show: Strictly Business: A Rough History of the Credit CrunchFurious Dhttp://www.blogger.com/profile/07934529688753875751noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-24904037.post-27341653282950949192008-10-10T08:58:00.000-03:002008-10-10T08:58:00.000-03:00I think you may have misunderstood, because I wasn...I think you may have misunderstood, because I wasn't blaming Red Lining for the Great Depression.<BR/><BR/>I was blaming Red Lining for preventing economic development in downtown areas, leading to the flight of people, businesses, and facilities from urban downtowns. And later leaving those same areas, and the people living therein, unable to properly buy into the gentrification of their neighbourhoods during the real estate boom without massive and potentially crippling debts. <BR/><BR/>And I have the audiobook of <I>Free To Choose</I>. And I'm sure Milton would have called Red Lining unwarranted government interference.Furious Dhttps://www.blogger.com/profile/07934529688753875751noreply@blogger.comtag:blogger.com,1999:blog-24904037.post-12160432303794560982008-10-10T03:16:00.000-03:002008-10-10T03:16:00.000-03:00You might try and find another source for your his...You might try and find another source for your history. "Red lining" while distasteful had nothing whatsoever to do with the depth of the great depression. I can see, however, with today's racially obsessed culture that a little revisionism would be slipped into the ol history books. <BR/><BR/>I would suggest a book by the nobel prize winning economist Milton Friedman "Free to Choose" as a little more accurate information on the actual mechanics of that collapse.Anonymousnoreply@blogger.com