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Category Archives: History
Tom Woods on the Depression of 1920-21
Tom Woods gives a lecture on the Depression of 1920-21. Continue reading
Correcting Krugman on 1873
Contrary to Krugman’s writing, the Long Depression saw unprecedented increases in industrial productivity and wages. Continue reading
Posted in History
3 Comments
Did Keynes Avoid the Austrians?
Did Keynes avoid the Austrians? No. Continue reading
History of Entrepreneurship in Economic Thought
A brief history of the concept of entrepreneurship. Continue reading
Sumner on the General Theory
Had Roosevelt continued with the plan to introduce a fiat regime in the United States, would have Keynes still written The General Theory? Continue reading
Sure, Evidence Looks Keynesian If That’s How You Doctor It
In his most recent op-ed, “That ’30s Feeling”, Paul Krugman draws parallels between current calls for austerity and the Germany of the 1930s. This time, factual history is against Krugman’s thesis. Germany’s collapse in the early 1930s was hinged on debt and the inability of their central bank to pay for it. Continue reading
Posted in History
Tagged debt, Depression, fiscal, Germany, Government, Great, Krugman, Stimulus
10 Comments
Everything Comes Down to Banking Theory
Robert Murphy is one of the more active Austrians involved in using the Depression of 1920 as a vindication of Austrian monetary theory. I decided to scour his blog in search of posts related to his research on the subject. … Continue reading
Interest Rates: 1920-21 Depression
A rise in the discount rate does not necessarily suggest a decrease in the supply of money, or even a fall in the pace of expansion. Any objective look at the Depression of 1920 should not focus only on the Federal Reserve’s discount rate. Continue reading
Brothers in Arms: Stalin & D-Day
Operation Overlord was launched in large part to preempt a Soviet occupation of Central Europe, and as such it is ironic to include Stalin in the national D-Day memorial. Continue reading
Keynes and the Bancor
Keynes’s bancor was an attempt to regulate all international trade, to eliminate trade deficits and surpluses. Continue reading →