Showing posts with label Depression. Show all posts
Showing posts with label Depression. Show all posts
Markets Suffer Worst Start To Year Since Great Depression
by Marcus Leroux. The start of this year has been the worst for financial markets since the onset of the Great Depression, with stock prices slumping around the world amid mounting concern over the situation in China. A wave of selling has swept the world’s leading financial centres over the past two weeks, with the value of Britain’s ... MORERand Paul: Milton Friedman And Restraint
The Fed has been and is a failure. Lovers of Big Government and apologists for debt like Paul Krugman have tried to paint Milton Friedman as a contradiction. They say that Friedman’s insight that more Fed intervention might have mitigated the Great Depression is inconsistent with his view that the Depression would have been ... MOREBrian Domitrovic: The Sequester That Saved The Economy
Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output, when private activity wanes, aggregate output, or “GDP” can be maintained. It’s intriguing as a theory, perhaps, but in ... MOREYaron Brook: Why The Glass-Steagall Myth Persists
Lies about the free market. The growth of government intervention over the last century was built on the back of a handful of myths. A generation ago, the dominant myth was that free markets had caused the Great Depression, a falsehood ultimately debunked by economists like Milton Friedman. Today, the key myth is ... MOREInvestors.com: Better Off? Let's Count The Ways We're Not
No, the country is not making slow progress. All weekend, Democratic party leaders kept fumbling their answer to a simple question: Are we better off than we were four years ago? There's a good reason for that: We're not. It wasn't until Monday that the campaign was able to figure out how to answer the question, with Obama's deputy campaign ... MOREPatrick Brennan: The Inequality Fetish
Does unequal income cause economic ills? There must be something in the water in Scandinavia: Nobel laureates, from our president to Paul Krugman and Joseph Stiglitz, all agree that high levels of inequality are a serious problem, if not the problem, facing our weak economy. According to this liberal thesis, either the 2008 financial ... MOREWSJ Editorial: Obama Makes Carter Look Good
Carter didn't substitute his priorities for the nation's. The good news is that growing economies can afford a great deal of government, if not quite as much as the Europeans and the U.S. have promised themselves. The bad news is that "policy error" are the saddest words in the language. These words, starting in the 1960s, came to dominate serious post mortems ... MOREThomas Sowell: Politics Vs Economics
The focus is on the next election, not the next generation. They say "all politics is local." But economic decisions impact the whole economy and reverberate internationally. That is why politicians' meddling with the economy creates so many disasters. The time horizon of politics seldom reaches beyond the next election. But, in economics, when an oil ... MORE
Walter E Williams: Ominous Parallels
Repeating the folly of the past. People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s. Let's look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled "Great Myths of the ... MORE
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