Amity Shlaes on The Great Depression

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http://tv.nationalreview.com/uncommonknowledge

Category:

News & Politics

Tags:

• amity
• broke
• capitalism
• depression
• fdr
• franklin
• great
• knowledge
• peter
• robinson
• roosevelt
• shlaes
• uncommon

[SamuelCyrus]

@jpbalkenende Whoever tried to educate you should give you a refund.

[TheAmericanRifleman]

I followed the link on the NRO site but the file could not be found. Bummer.

[HiramBinghamIII]

"the longer and more painful depressions under governments that maintained balanced budgets and laissez-faire principles (UK, Belgium, Netherlands et al.) further refutes Schlaes' argument."

Your argument is antithetical to itself! If the size of the taxable economy shrinks then so does revenue, which creates the natural impulse of the govt. bureaucrat to raise taxes in order to make up the revenue shortfall. This action reduces incentives for growth further shrinking the economy even more.

[HiramBinghamIII]

The conception that 'country-club friends are gonna gang rape our bank accounts' is negated by the incentive structures in the free-market dynamic which ensure the extinction of such businesses unless external intervention saves the entity or entities (aka govt.). A business can make FAR more money by being honest. The consumer creates this incentive with every purchase they make (a vote).

[HiramBinghamIII]

"The META-PREMISE is that the private sector, unfettered will work it's MAGIC.

However, from ENRON of 2001 to Lehman Bros today we can see that there is simply NO EVIDENCE to support this IDEA."

Aberrational phenomena hardly compose any type of rational rule. Conversely, this rule is not even congruent, because the market trend that created the collapse of Lehman was created by the govt. managed institutions of Fannie and Freddie.

[HiramBinghamIII]

"FDR's New Deal did definitively help the situation early on (e.g. unemployment 25%-->15%) "

It was artificial. All Keynesian econ. policy is artificial which is why Lord Keynes himself admitted his model was unsustainable long term but that did not matter, because as he put it, he would be dead!

[TheRealCritique]

THis woman is a worthless stale frigid republicack shovelling bullshit theories about workers and capital that have just recently been PROVEN to be total bullshit. The PEOPLE need to regulate business, end of story, otherwise twats like this and their weenie whiny country-club friends are gonna gang rape our bank accounts. Complete sack of dirt.

[herbs814]

the people who are shameless are the idiots who blame capitalism. capitalism is the only thing that produces anything of value for society. Government does nothing besides get in the way and steal from those who produce. the problem with our economy, then and now, is that there is too much government and not enough capitalism.

[OmarThePug]

whagger whabbit!!!!!.. What's up Doc?

[alwaysright10000]

Fart @ :47