The Six Months That Changed the World

so who is this guy? is he a prof somewhere?

MOE435

"In fact "Stimulus" is not meant to do as you claim, it actually supposed to be obtained via securities, loans...NOT via "the productive part of the economy " that is the basic idea! to create money flow via an extraneous source!"

How does the government eventually pay back these loans.........ONLY via the productive part of the economy. Governments dont actually HAVE money. The can borrow, print or tax and that's it. The rest of the world isn't going to finance this idiocy.

Sorry Mr.Rommel,
"Nonsense...Keynesianism is what got us out of the Great Depression."

Keynesianism is what caused the great depression to BE great. You should perhaps check out Thomas Woods expose or read a bit of Rothbard/Hazlitt. Supply side Chicago School didn't work either. Why? Cut taxes, increase spending. Recipe for disaster. Got to cut taxes AND spending. Stimulus doesn't work because it takes the money out of the productive part of the economy thereby weakening the whole lot.

In fact "Stimulus" is not meant to do as you claim, it actually supposed to be obtained via securities, loans...NOT via "the productive part of the economy " that is the basic idea! to create money flow via an extraneous source!

EdwardRommel
"Paul Krugman is a gifted economist who predicted the housing collapse."

Actually, he advocated the Fed blowing a housing bubble on numerous occasions, which basically shows that he KNOWS the Fed can and does blow bubbles resulting in the boom/bust cycles that keep getting larger as the years progress.

Gifted Economist & Keynesianism aren't words that go together very well.

Nonsense...Keynesianism is what got us out of the Great Depression.

Keynesianism certainly works better than Reaganomics...aka trickle down ...aka supply side economics.

Standard Oil also had major interest in Middle Eastern oil reserves, to which Germany had been an impediment, given their trade relations with the Ottoman Empire, which controlled the Middle East at the time (see Berlin to Baghdad Railway construction).

USA? JP Morgan, the Rockefellers, Harriman, Keun &Loeb had massive loans and investments to England and France. Their investments were in danger of default due to Germany's technological and economic advantage over their enemies. The US entry into the war bailed out the banks, which controlled over 80% of the debt in the US.

A. Germany did not start WW1

B. Germany did not lose WW1.

The German people believed both lies ...hook, line and sinker.

There's a sucker born every minute.

A. true.

B. false.

no one power is wholly responsible for WWI.