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In my study of the Great Depression, I argued that the Depression could be seen as resulting from governments doing too little, or too much.  In a laissez-faire world the Great Depression would not have happened, nor would it have happened if governments took as much responsibility for AD stabilization as they do today (and [...]
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Time to Use the D-Word

Business & Finance / Economics : Grasping Reality with Both Hands (6 years ago)

Barry Eichengreen and Kevin O'Rourke argue that it is time to use the D-word: >The world economy is tracking or doing worse than during the Great Depression: To sum up, globally we are tracking or doing even worse than the Great Dep... Read Post

It's Clearly In The Government's Best Interest To Promote Domestic Natural Gas; Why Isn't It Doing So?

Business & Finance : Business Insider: Money Game (4 years ago)

It should be no surprise that government policy is of great consequence to investment returns. As a result of the Credit Crisis this is perhaps more true than at any time since the Great Depression in the 1930s. Federal tax and spen... Read Post

Great Depression

Business & Finance / Economics : Overcoming Bias (5 years ago)

Conventional wisdom tends to treat President Hoover as a clueless advocate of laissez faire who refused to stimulate the economy in the dramatic downturn. Franklin Roosevelt, on the other hand, was the heroic leader who both saved t... Read Post


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