Tag Archives: Recession

Perpetual Depression

Posted on July 9, 2010 by Jonathan Finegold Catalán

Once the supply of money more or less stabilizes (once malinvestment has been liquidated), and prices adjust, a true recovery can take place. Continue reading →

Posted in Theory | Tagged deflation, money, price, Recession, Recovery, Reisman, Stimulus, supply | Leave a comment

Robert Murphy on the Double Dip

Posted on June 11, 2010 by Jonathan Finegold Catalán

I’d like to come to Murphy’s defense regarding inflation and offer some points on the possibility of a double-dip. For the time being, I predict a continuation of the upward inflationary trend. We are seeing a greater destruction than production of wealth, as it flattens the structure of production. This is a trend towards impoverishment, not recovery, and does indicate the possibility of an increase in the rate of change of CPI. Continue reading →

Posted in Uncategorized | Tagged Bubble, consumer, debt, Depression, dip, double, expenditure, Great, index, inflation, Investment, price, Private, production, public, Recession, stagflation | 2 Comments

Business Cycles in Perspective

Posted on May 10, 2010 by Jonathan Finegold Catalán

Putting the recession into perspective. Continue reading →

Posted in Theory | Tagged Depression, Great, money, perspective, Recession, supply, Unemployment | 2 Comments

Correction on “Dangerous Lessons of 1937″

Posted on February 11, 2010 by Jonathan Finegold Catalán

I have a correction to make in my piece Dangerous Lessons of 1937, published as a Mises Daily on 2 February 2010. The error was brought to my attention by Robert Murphy. I write: Within that time period, the stock … Continue reading →

Posted in Miscellaneous | Tagged 1937, Daily, institute, Mises, Recession | Leave a comment

Roosevelt’s Recession of 1937

Posted on January 20, 2010 by Jonathan Finegold Catalán

Roosevelt’s Recession of 1937, which saw the unraveling of supposed economic growth in the prior years, is oftentimes used as an historical example of what occurs when government decreases spending levels or the central bank fails to continue credit expansion. The use of this event to exemplify these things is disingenuous. More accurate lessons can be drawn, which show that only the market can fix itself. Continue reading →

Posted in History | Tagged 1937, Austrian, business, Crash, cycle, deficit, Franklin, Government, High, malinvestment, market, president, Recession, regulation, Ricardo, Roosevelt, spending, Theory, wages | 7 Comments

The Dangerous “Lessons” of 1937

Posted on December 18, 2009 by Jonathan Finegold Catalán

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. Continue reading →

Posted in History | Tagged 1937, contraction, Depression, dip, double, Federal, fiscal, Government, Great, inflation, monetary, policy, Recession, Reserve, Roosevelt, spending | 1 Comment

Truth Behind Unemployment

Posted on December 7, 2009 by Jonathan Finegold Catalán

“Good news” from the Obama administration. Unemployment fell from 10.2% to 10%! According to the Wall Street Journal, unemployment fell despite the fact that there was a net loss of eleven thousand (11,000) jobs in November. Only in modern, mainstream … Continue reading →

Posted in Politics | Tagged Depression, Economics, Government, Recession, Statistics, Unemployment, unseen | Leave a comment

Did Protectionism Cause the Great Depression?

Posted on December 2, 2009 by Jonathan Finegold Catalán

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. Continue reading →

Posted in History | Tagged 1929, 1930, Crash, decline, Depression, Great, hawley, Hoover, industrial, protectionism, Recession, smoot, smoot-hawley, tariff, trade | 5 Comments

Don’t Be Fooled by GDP

Posted on November 25, 2009 by Jonathan Finegold Catalán

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. Continue reading →

Posted in Theory | Tagged consumption, domestic, Government, Great, gross, Investment, Private, product, public, Recession, spending, Statistics | 2 Comments

Trend of Impending Poverty

Posted on October 23, 2009 by Jonathan Finegold Catalán

Foreign central banks are keeping interest rates low in an attempt to devaluate their own currency, as to force the exchange rates to remain relatively stable in comparison to the U.S. Dollar. While the United States slips into the worst recession in history, the rest of the world seems happy to follow. Continue reading →

Posted in Politics, Theory | Tagged debasement, dollar, economy, euro, exports, Government, inflation, intervention, money, Recession, welfare | 3 Comments