Reading the economic history of the collapse of 1929 to 1933 is really hard to get through without giving yourself a concussion from banging your head against the desk. So much stupidity.
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En réponse à @SeanTrende @benshapiro
Amity Shlaes and Scott Sumner have two interesting books on the period. It's just astonishing to see FDR using multiples of seven to set the price of gold b/c it was lucky, and the way rumors of gold flows dominated newspaper headlines is frankly terrifying.
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Amity ShlAes wrote perhaps the dumbest book of all time on the subject, arguing that government spending didn’t stop the depression but the spending on WW2 did.pic.twitter.com/IwvRGHsQFD
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En réponse à @calebhell @TallDave7 et
Vilification correlates to lack of info?
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En réponse à @AmityShlaes @TallDave7 et
Lack of info? I read your book... was it not an extended argument that government spending did not end the depression?
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En réponse à @calebhell @TallDave7 et
Whatever temp benefits came from spending were offset by the damage the interventions entailed. Unemployment over 10%. Dow not recovering.
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En réponse à @AmityShlaes @calebhell et
Been a while since I read the book; do you concede the utility of some 1st New Deal stuff like banking holidays, going off gold standard, etc? That strikes me as clearly useful, the NIRA clearly bad, and the other stuff where the debate really lies.
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Le chargement semble prendre du temps.
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