Jump to content
House Price Crash Forum
Sign in to follow this  
LJAR

Myths About The Great Depression

Recommended Posts

2 minutes 11 seconds is a bit short for a well-argued presentation of this complex topic.

well sure, but at least they get to the point, and I figured not many people are going to watch a 2 hour video. :)

Share this post


Link to post
Share on other sites

Try Martin Hutchinson:

"The same applies to the well-known Keynesian thesis that World War II cured the U.S. Great Depression. World War II increased GDP, but more than 100% of the increase was devoted to munitions, building the Pentagon, employing teams of bureaucrats to control prices and government activity generally, much of it misguided. Gross Private Product decreased from $921 billion in 2005 dollars in 1940 to $427 billion in 1944, well below 1932’s level, showing that the private economy was badly squeezed. Then in 1946, while GDP decreased by 11%, GPP more than doubled to $1,309 billion. Readjustment was inflationary and disruptive, but it saw an astonishing increase in output and living standards."

http://www.prudentbear.com/index.php/thebearslairview?art_id=10567

Share this post


Link to post
Share on other sites

Very interesting video and website. Thanks.

Herbert Hoovers frequent interventions and meddling prevented prices falling to correct levels and prolonged the depression. Well fancy that, but I'm sure the lessons have been fully learned by todays economists, central bankers and political leaders.

Share this post


Link to post
Share on other sites
The Charles G. Koch Charitable Foundation was established with the stated purpose of advancing social progress and well-being through the development, application and dissemination of "the Science of Liberty". Charles' and David's foundations have together provided millions of dollars to a variety of organizations, usually libertarian or conservative think tanks, such as Americans for Prosperity Foundation, the Cato Institute, the Mercatus Center, the Institute for Humane Studies, Citizens for a Sound Economy, the Institute for Justice, the Alexis de Tocqueville Institution, the Institute for Energy Research, the Foundation for Research on Economics and the Environment, Heritage Foundation, the Manhattan Institute, the George C. Marshall Institute, the Reason Foundation and the American Enterprise Institute.[4][5] The foundation also funds study groups called Koch Scholars who gather and read "an assortment of select books, movies, and podcasts surrounding the principles of a free society."[6] Colleges where such groups exist include the Jon M. Huntsman School of Business at Utah State University[7] and the University of Alaska Fairbanks.

To find out what an academic believes is simple- just find out who pays him.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.