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The criminal class is larger today than before. Look at the crime stats, that should change your mind about how violent people are today vs. then. If it does not phase you, nobody can help you.
That is right. We got into The Great Depression because of the extremely inept actions taken by The Federal Reserve from 1929-1933 and protectionist tariffs (too “save jobs”……).
We stayed in The Great Depression because of The New Deal. It was a major political success, but a complete economic failure.
Wrong. People didn’t judge FDR based on economic statistics because voters aren’t rational like that. They judged him off his charisma, off how he made them feel. He was a complete failure. Both FDR and Hoover deserve to be in the list of 10 worst presidents of history.
Historians, journalists, and political scientists tend to judge history off its popular sentiments. Economists judge it off the facts.
There are so many fallacies of The Great Depression, it is sickening.
what did FDR do wrong? he created jobs, provided welfare systems and unemployment checks to get people into homes again not starving, we got productive again, we got into world war 2, economy flourished.
His economic policies did not create jobs, they only gave the illusion that they created jobs. The government cannot create jobs because in order to do that they need to divert resources from the (more efficient) private sector.
Keynesian economics (what we are trying right now) has never worked because it diverts resources from the private sector. Government needs to borrow to spend so that raises interest rates and that in turn raises prices which in the aggregate, decrease consumer spending.
So, social security & unemployment insurance are fallacious and sickening; To a man with no heart and no brain perhaps! Uunobjectionable measures to stave off the poverishment of old age and joblessness. In fact, WW II is a wonderful example of Keynesian economics writ large. Keynes reigned supreme throughout the prosperous ’50’s and ’60’s wherein there were both widespread prosperity and relative equality of income.
By the way, grammatically speaking,: do you “judge a person off” ? No.
Every government job today costs approximately two private sector jobs. During the depression the ratio was slightly better. Anyone who understands economics and tax structure understands that government does not create jobs…they appropriate private sector jobs in order to increase dependency on government. Simple math…and irrefutable
Yes young Heeey…but they have to pay their salaries from some pool of money. That pool is produced by taking money from those who would buy products, thus creating jobs, or from the companies which could expand, thus creating jobs.
It’s actually very simple math. If the gov’t pays someone 50 grand…they must first take about 80 grand from someone else…the dollar difference is the result of “bureaucratic friction.” You’ll learn about that if you take Econ in college. Gov’t REDUCES jobs.
where are your sources for this. The developed countries with the largest public sector (Germany, the Netherlands, Belguim, Holland) are those least affected by the GFC.
not so, where there is inadequate demand (and only then) the government by spending creates some demand. Milton Friedman agreed with this in his Monetary History of the USA . He adds correctly that if demand is adequate govt spending leads to stagflation.
June 24th, 2009 at 10:00 pm
Turn off the gangster movies.
The criminal class is larger today than before. Look at the crime stats, that should change your mind about how violent people are today vs. then. If it does not phase you, nobody can help you.
June 24th, 2009 at 10:03 pm
The problem in the 30s, as now, govt got in the way of capitalism. If they just kept their hands out, we wouldnt be facing another depression.
Hope you’re out of debt and stocked up for years of food. You’re gonna need it. Forget about driving, gas will hit $10 a gallon.
June 25th, 2009 at 12:13 am
That is right. We got into The Great Depression because of the extremely inept actions taken by The Federal Reserve from 1929-1933 and protectionist tariffs (too “save jobs”……).
We stayed in The Great Depression because of The New Deal. It was a major political success, but a complete economic failure.
June 25th, 2009 at 1:28 am
Isn’t it ironic that one of the only tools to save this country’s economic health is protectionism, the very thing that messed us up in the 30s…
Without a re-industrialization of America, we can just kiss it goodbye. Watch my video on that issue.
June 25th, 2009 at 8:33 pm
it wouldn’t be a political success if it was an economic failure, what are you talking about???
June 25th, 2009 at 8:54 pm
Wrong. People didn’t judge FDR based on economic statistics because voters aren’t rational like that. They judged him off his charisma, off how he made them feel. He was a complete failure. Both FDR and Hoover deserve to be in the list of 10 worst presidents of history.
Historians, journalists, and political scientists tend to judge history off its popular sentiments. Economists judge it off the facts.
There are so many fallacies of The Great Depression, it is sickening.
June 25th, 2009 at 9:18 pm
what did FDR do wrong? he created jobs, provided welfare systems and unemployment checks to get people into homes again not starving, we got productive again, we got into world war 2, economy flourished.
June 25th, 2009 at 10:17 pm
His economic policies did not create jobs, they only gave the illusion that they created jobs. The government cannot create jobs because in order to do that they need to divert resources from the (more efficient) private sector.
Keynesian economics (what we are trying right now) has never worked because it diverts resources from the private sector. Government needs to borrow to spend so that raises interest rates and that in turn raises prices which in the aggregate, decrease consumer spending.
June 30th, 2009 at 4:13 am
Good video. The song, however, is “Brother, Can You Spare a Dime.”
July 18th, 2009 at 2:04 am
This could be a republican campaign ad!!!
July 28th, 2009 at 3:13 pm
Amazing song. Amazing, amazing, amazing.
September 9th, 2009 at 3:25 am
So, social security & unemployment insurance are fallacious and sickening; To a man with no heart and no brain perhaps! Uunobjectionable measures to stave off the poverishment of old age and joblessness. In fact, WW II is a wonderful example of Keynesian economics writ large. Keynes reigned supreme throughout the prosperous ’50’s and ’60’s wherein there were both widespread prosperity and relative equality of income.
By the way, grammatically speaking,: do you “judge a person off” ? No.
September 11th, 2009 at 3:51 pm
verinone u are the idiot republican and thank you for supporting bush jr and crashed economy millions jobless thanks to idiots like you
September 18th, 2009 at 8:01 am
The Republicans fuck the economy!!!!!!!!!
October 6th, 2009 at 3:04 am
and politics fuck humanity
October 14th, 2009 at 2:35 am
Every government job today costs approximately two private sector jobs. During the depression the ratio was slightly better. Anyone who understands economics and tax structure understands that government does not create jobs…they appropriate private sector jobs in order to increase dependency on government. Simple math…and irrefutable
October 15th, 2009 at 1:43 am
park rangers, social work agencies, etc. all equal increase job options by government.
October 16th, 2009 at 2:11 am
Yes young Heeey…but they have to pay their salaries from some pool of money. That pool is produced by taking money from those who would buy products, thus creating jobs, or from the companies which could expand, thus creating jobs.
It’s actually very simple math. If the gov’t pays someone 50 grand…they must first take about 80 grand from someone else…the dollar difference is the result of “bureaucratic friction.” You’ll learn about that if you take Econ in college. Gov’t REDUCES jobs.
October 17th, 2009 at 2:28 am
the usa wasn’t always in debt, we used to have a curplus that came from standard country profits (taxes, selling weapons, etc.).
October 22nd, 2009 at 10:56 pm
we r fukt
October 24th, 2009 at 6:21 pm
It is both side that fucked the economy – We the people gave them the power. We need to stand up and inform our neighbors
November 2nd, 2009 at 6:10 pm
I’m wearing a diaper.
November 3rd, 2009 at 8:03 am
They mostly have suits on!!! guess that was like jeans and a t shirt is to us today???
November 8th, 2009 at 9:16 am
where are your sources for this. The developed countries with the largest public sector (Germany, the Netherlands, Belguim, Holland) are those least affected by the GFC.
November 8th, 2009 at 9:22 am
not so, where there is inadequate demand (and only then) the government by spending creates some demand. Milton Friedman agreed with this in his Monetary History of the USA . He adds correctly that if demand is adequate govt spending leads to stagflation.