At its nadir in the winter of 1933, the Great Depression was a form of collective insanity. Workers were idle because firms would not hire them; firms would not hire them because they saw no market for their output; and there was no market for output because workers had no incomes to spend.
在1933年冬天的低谷时期，大萧条简直称得上是集体性精神紊乱。到处都是游手好闲的工人，因为没有企业雇用他们；企业不雇用工人是因为它们看不到产品的销路；而产品没有销路是因为工人没钱消费。