I've read lots of conflicting theories, but I was wondering if there was a somewhat quick summary. Particularly the role of the Fed Reserve.
A socialist friend and I were arguing politics over beer. I was holding my own on economics until we came to the depression. He mentioned that the "wealthy capitalists pulled some schemes and got richer."
To which I responded, "Oh you mean Rockefeller, Morgan, Rothchild... The guys on the Fed..."
He changed the subject as usual, but I realized I'm very weak here.