forbes.com - 24 days ago
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Eighty years ago this week, the stock market crashed. Although it was more a symptom of the economy's underlying problems than a cause of the Great Depression, it is still considered the day the worst economic crisis in American history began. I've always been curious about the Great Depression. ...
forbes.com - 22 days ago
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forbes.com —
Any number of pundits claim that we have
now passed the worst of the recession. Green shoots
of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these ...
(more)
Be Prepared for the Worst
nber.org - 30 days ago
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nber.org —
The Great Depression was marked by protectionist trade
policies and the breakdown of the multilateral trading system.
But contrary to the presumption that all countries scrambled to raise trade barriers, there was substantial cross-country variation ...
(more)
The Slide to Protectionism in the Great Depression: Who ...
ft.com - 26 days ago
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ft.com —
The 80th anniversary of the Great Crash is
upon us. This touches a nerve because we seemed
to be looking into the same bottomless pit only a year ago. The chain of events, leading from a dramatic collapse in stock prices on Wall Street, beginning in ...
(more)
How to avoid a repeat of the Great Crash
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What Links the Great Depression and the Great Recession
Capital Gains and Games —
http://www.forbes.com/2009/10/29/depression-recession-gdp-imf-milton-friedman-opinions-columnists-bruce-bartlett.html Notations The Great Depression and the Great Recession More alike than everyone thinks.
Bruce Bartlett, 10.30.09
Eighty years ago this week, the stock market crashed. Although it was more a symptom of the economy's underlying problems than a cause of the Great Depression, it is still considered the day the worst economic crisis in American history began.
I've always been curious about the ...
links for 2009-10-30
Economist's View —
... Band of Dems Blasts Geithner Plan - The Washington Independent
The Great Depression And The Great Recession - Bruce Bartlett ...
Nominally misguided (wonkish)
Paul Krugman —
... on nominal spending: And it’s certainly suggestive. But I disagree with the interpretation that this shows that the current slump is mainly about insufficiently expansionary monetary policy. And more broadly, I think that efforts to make sense of recent events in terms of money velocity — such as, in particular, Bruce Bartlett’s — aren’t helpful (although Bartlett’s actual policy conclusions are fine). Here’s my problem. Underlying the focus on nominal demand or GDP is some notion that there’s a quantity equation: MV = PY where M is the money supply, V the velocity of money, ...
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