Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Economic Recovery 101 for RATpubliCONs

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-27-10 02:17 PM
Original message
Economic Recovery 101 for RATpubliCONs
Some where some one has to dispel the RATpubliCON myth it was "Tariffs" that brought on the Great Depression. In fact as Milton Friedman points out it was the lack of liquidity in the consumer market brought on by the run on banks and the subsequent bank failures.

So there "Fat Man" (Rush Limpballs) you don't know Jack

As a result of examining more closely the key years between 1929 and 1933, Friedman and Schwartz first concluded that the Great Depression was not the necessary and direct result of the stock-market crash of October 1929, which they attribute to a speculative investment bubble. (The popping of the “bubble” may have been instigated by the Federal Reserve’s raising of the discount rate—the interest rate the Fed charges on loans to commercial banks—in August 1929. The cause of the speculative bubble that led to the crash is a somewhat controversial topic. Whereas Friedman and Schwartz accepted that the bubble was caused by investors, seemingly endorsing—at least partly—the Keynesian “animal spirits” explanation, Austrian economists have argued otherwise.) In fact, they believed that the economy could have recovered rather rapidly if only the Fed—the central bank of the United States —had not engaged in a series of disastrous policies in the aftermath of the crash.

http://www.thefreemanonline.org/featured/the-great-depression-according-to-milton-friedman/


No country not even the mighty US of A can survive the these types of Trade Imbalances year after year. You wonder where our economic recovery went to - well I wouldn't hold my breath waiting for it to be imported from China.



So you ask about the $1 TRILLION Dollars US Corps are currently holding on to that they need to invest?

I'll guarantee you they are not concerned about the new Health Care Reform laws, that only affect individuals
Printer Friendly | Permalink |  | Top
Cosmocat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-27-10 02:25 PM
Response to Original message
1. They LONG have created history with that one ...
On tariffs ...

They get to say whatever disingenious crape that comes to their minds, and the MSM accepts it as fact ...

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 26th 2024, 06:09 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC