the problem we have is the current crop of economist are part of a long standing intellectual cult, there are plenty of economists who disagree with their methods and theories but these guys still hold the seats of economic power at the central banks, these guys have turned their backs on some of the greatest economists of history and tell us "they know better", no we didnt manage economies this way 20 years ago.
and the so called reasons that are given for the great depression being so harsh are a direct product of these economists, they tell us stories about liquidity and tariffs being the cause, when the economists of the day thought completely differently, Irwin Fisher, Joseph Schumpeter and Herman Minksy claims the great depression was caused by excessive private debt, they wrote many many books about the reason, but the current neo classical cult of economists have dismissed all of it and continue to drive us toward even greater debt
if it wasnt so serious it would be funny
the entire board of the RBA is stacked with one flavour of economists, even the treasury is to some extent
so we have little chance they will keep the hammer down on their theories until there is virtually no way out but complete collapse, its arrogance on a scale never seen before
If your going to read anyone read steve keen , there heaps of economists that "get it" but none of them have any power
