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bigthink.com - 12/18/2008

Paul Krugman on the Return of Depression Economics

— bigthink.com — WE ARE WHAT YOU THINK SEARCH ADVANCED SEARCH IDEAS 12,844 Channels Browse Experts Browse Ideas Meta Faith... & Beliefs Identity Personal History Inspiration Life & Death Love & Happiness Outlook & the Future Truth & Justice Wisdom Physical Arts & ... (more) Paul Krugman on the Return of Depression Economics

Commodities

Depression

Paul R. Krugman

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economicprincipals.com - 12/22/2008

The Story So Far

— economicprincipals.com — The economic downturn is routinely billed as the most perilous since the Great Depression. What exactly does... that mean? What is most likely to happen next? As it happens, fundamental aspects of the situation lend themselves to portraiture.  ... (more) The Story So Far

Commodities

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tpmcafe.talkingpointsmemo.com - 12/18/2008

Talking Points Memo | What Is Non-Depression Economics?

— tpmcafe.talkingpointsmemo.com — This discussion has so far one major lack: it does not tell us what "depression economics" is... supposed to replace--it does not tell us what non-depression economics is, or was. So let me try my hand at a definition of non-depression economics. ... (more) Talking Points Memo | What Is Non-Depression Economics?

Commodities

Depression

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Higgs on the Great Depression (by Russell Roberts)
Cafe Hayek — ... The latest EconTalk is Bob Higgs talking about his work on regime uncertainty in the 1930s and the failure of the war to bring prosperity. ...

Today's Theme: Regime Uncertainty
EconLog: Library of Economics and Liberty — Russ Roberts and Bob Higgs discuss the concept on this week's econtalk. Nassim Taleb tells Charlie Rose that we are headed for Capitalism 2.0, in which stock prices are much lower, and banks are treated like public utilities--their job is to run the ATM machines and process payments, but not to take risks. Ricardo Hausmann says that we are still the tallest pygmy. The Dow Jones is down by almost 40 per cent so far this year but this makes it pretty much the best performing stock market in the world. Our banking system does appear to be less fragile and better ...

Robert Higgs On The New Deal & World War II
Stefan Karlsson's blog — I've frequently recommended Murray Rothbard's great book America's Great Depression. Yet that book's historical section only covers the inflationary boom of the 1920s and the presidency of Herbert Hoover. It doesn't say anything about the New Deal and World War II, leaving the myth that the New Deal helped create a partial recovery and that World War II restored full prosperity untouched. In this very interesting and lengthy interview at Econtalk , however, Robert Higgs of the Independent Institute does a really good job at setting the record straight on the ...

What we need is another World War
Mises Economics Blog — In the mind of Stephen Leeb, World War II was the stimulus that got America out of the depression. Be sure to also listen to the recent interview with Robert Higgs who discusses this issue at length. And here is another Leeb video.