Home › Forums › Financial Markets/Economics › How to Fix the 2010 Depression
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moneymaker.
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December 9, 2009 at 11:00 AM #493150December 9, 2009 at 1:44 PM #492378
Carl Veritas
ParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
December 9, 2009 at 1:44 PM #492542ParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
December 9, 2009 at 1:44 PM #492923ParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
December 9, 2009 at 1:44 PM #493012ParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
December 9, 2009 at 1:44 PM #493250ParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
December 9, 2009 at 4:13 PM #492429poorgradstudent
ParticipantWhat 2010 depression?
The 2009 RECESSION has ended/is coming to a close. It was a pretty bad one as far as recessions go, but did not qualify as a depression.
December 9, 2009 at 4:13 PM #492590ParticipantWhat 2010 depression?
The 2009 RECESSION has ended/is coming to a close. It was a pretty bad one as far as recessions go, but did not qualify as a depression.
December 9, 2009 at 4:13 PM #492973ParticipantWhat 2010 depression?
The 2009 RECESSION has ended/is coming to a close. It was a pretty bad one as far as recessions go, but did not qualify as a depression.
December 9, 2009 at 4:13 PM #493062ParticipantWhat 2010 depression?
The 2009 RECESSION has ended/is coming to a close. It was a pretty bad one as far as recessions go, but did not qualify as a depression.
December 9, 2009 at 4:13 PM #493300ParticipantWhat 2010 depression?
The 2009 RECESSION has ended/is coming to a close. It was a pretty bad one as far as recessions go, but did not qualify as a depression.
December 9, 2009 at 4:14 PM #492434Anonymous
Guest[quote=Carl Veritas]Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.[/quote]
My knowledge history is a little sketchy, but I seem to remember that there was something else going on in the 1940s that may have influenced the economy.
December 9, 2009 at 4:14 PM #492595Guest[quote=Carl Veritas]Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.[/quote]
My knowledge history is a little sketchy, but I seem to remember that there was something else going on in the 1940s that may have influenced the economy.
December 9, 2009 at 4:14 PM #492978Guest[quote=Carl Veritas]Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.[/quote]
My knowledge history is a little sketchy, but I seem to remember that there was something else going on in the 1940s that may have influenced the economy.
December 9, 2009 at 4:14 PM #493067Guest[quote=Carl Veritas]Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.[/quote]
My knowledge history is a little sketchy, but I seem to remember that there was something else going on in the 1940s that may have influenced the economy.
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