Jeffrey Tucker, editor of Mises Daily, gives valuable insight on how to dress during these resource-scarce times of recession.
Posts Tagged ‘Great’
Hayek and Robbins Caused the Great Depression?
Lawrence White corrects Friedman, Bernanke, DeLong, et. al., on Hayek’s and Robbin’s roles during the Great Depression.
The Fake History of the Depression
Economist Robert Murphy on the Great Depression, and his new book.
The Dangerous “Lessons” of 1937
The recession of 1937 provides a perfect case study to offer a vision of the future based on our current fiscal and monetary policies. It turns out that high government spending and intervention, mated with an inflationary monetary policy, caused the severe downturn of 1937. We are headed down that same road.
Did Protectionism Cause the Great Depression?
The debate on whether or not the Smoot-Hawley Tariff directly contributed to the Great Depression and/or worsened the industrial decline remains alive and well. Paul Krugman does not believe that the Smoot-Hawley Tariff had a major effect. It did, and it should be studied and the lessons applied to current political trends.
Don’t Be Fooled by GDP
Third-quarter data for 2009 is misleading, because most of the growth in GDP is only temporary and will cost us the same, or more, in the near future. Economic prognostics should not be based on GDP data, but on sound economic theory.
Hoover’s response to the October 1929 crash
After one has an understanding of the true scale of Hoover’s fiscal spending figures one can deduct that if government spending did not work during the first three years of the 1930s, there is no reason that it should have worked during the next four, either.
The Depression is Not Over
On Friday, 17 July, MSNBC reported that the “recession is slowing” in twenty-three major urban centers throughout the United States. They equate a slowing recession with a “bottoming out” economy. These trends show that early signs of recovery, or more accurately “bottoming out” (recovery begins only after the markets have cleared), can be deceiving. The United States’ economy is still clearing, and it has a long ways to go.
Shift to Keynesian Economics
My comment on Paul Krugman’s latest blog post (Why Economics Is the Way it Is):
Dear Dr. Paul Krugman,
You are only partially correct. The shift in mentality (for the United States), I believe, came during the First World War. This war, save the American Civil War, was the first war in which the economy was first [...]