The Republicans screwed us. Fascinating.

I'm no economist but they appear to be comparing the actual dollar amounts of all the financial crises of the last 100 years, which is a pointless comparison if not adjusted for inflation.

Comment hidden because you are ignoring dag.(show it anyway)

^I was assuming that those were adjusted dollars - agree that it's pointless if not. Could do without the hackneyed music - but good other than that.

hackneyed music indeed - when ppl want to pretend like their video is important, use that track from the matrix

These have to be unadjusted.

1 billion dollars in 1929 adjusted for inflation using the CPI is around 12.42 billion dollars in 2008. You don't need to do an adjustment to realise that the amounts in play in the economy today are INSANE.

The numbers are simply incorrect. I'm not sure where the creator of the video got their information.

The S&L crisis cost $160B, of which $124B was paid by the government (taxpayers). Not $8B as indicated in the video. And I can't find any references to a World War I crisis.

^ You are wrong. The information used in the video is from the Federal Reserve itself and is accurate.

See the data here.

It is the 'Total Borrowings of Depository Institutions from the Federal Reserve, Monthly, Billions of Dollars, Not Seasonally Adjusted'.

For specific time periods, you can modify the graph yourself at the link above.

And here are some inflation-adjusted dollar amounts for you, all relative to the 2008 CPI.

1919: $2.8 billion = $34.4 billion
1929: $1 billion = $12.4 billion
1972: $3.3 billion = $16.8 billion
1986: $8 billion = $15.4 billion
1999: $3.5 billion = $4.4 billion

Are you scared yet?