freakonomics.blogs.nytimes.com - 5/12/2009
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Few people in the world know more about the Great Depression than economic historian Price Fishback, which is why whenever he offers an opinion on the subject, I always listen
carefully. Back in the fall, Fishback wrote two outstanding posts here at the Freakonomics blog, one on what the New ...
mises.org - 5/5/2009
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mises.org —
The only way to rectify the situation —
to transform the economy into a sustainable configuration —
was to shuffle workers and resources. Some enterprises had to be shut down immediately, releasing their workers and freeing up the raw materials they ...
(more)
Did FDR Make the Depression Great? - David Gordon - ...
mises.org - 5/15/2009
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mises.org —
With all of the comparisons between President Obama
and FDR, and especially all of the "lessons" we
are told about the Great Depression, fans of the free market need a single volume to get up to speed as well as to educate their interventionist ...
(more)
I Wrote the Guide to Extend Rothbard - Robert P. Murphy ...
hf-implode.com - 5/18/2009
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hf-implode.com —
"A presentation by Thomas Woods of the Mises
Institute on an overlooked example of how the government
doing nothing can have a wonderfully curative effect on an ailing economy."
(more)
You've never heard of the 1921 Depression?
Comments
Blog Reactions
Great Depression II. Not.
CARPE DIEM —
... is due out this Friday), the average unemployment rate expected for 2009 is 8.4% and the average forecast for 2010 is 8.8%. Obviously these forecasts will be adjusted upward this Friday, but it still seems probable that the jobless rate in this recession won't even reach the minimum monthly rate of the 1930s, and certainly won't come anywhere close to the 17.3% average jobless rate during the Great Depression. For a related analysis, see Freakonomics post "This is Not Another Great Depression" ...
Great Depression II? Not Even Close
CARPE DIEM —
... Related: See guest Freakonomics post "This is Not Another Great Depression," which concludes: "We are experiencing pain now, but the problems of the Great Depression were several magnitudes greater." ...
Great Depression II. Not.
Daily Markets —
... , new survey is due out this Friday), the average unemployment rate expected for 2009 is 8.4% and the average forecast for 2010 is 8.8%. Obviously these forecasts will be adjusted upward this Friday, but it still seems probable that the jobless rate in this recession won’t even reach the minimum monthly rate of the 1930s, and certainly won’t come anywhere close to the 17.3% average jobless rate during the Great Depression. For a related analysis, see Freakonomics post “ This is Not Another Great Depression “ > ...
Great Depression II? Not Even Close
Daily Markets —
... , to be updated this Friday), real GDP will contract this year by -2.0 before increasing by 2.2% next year. Even if real GDP contracts by much more than 2% this year before returning to positive growth next year, it will be nothing close to the contraction in real GDP of the early 1930s. Related: See guest Freakonomics post “ This is Not Another Great Depression ,” which concludes: “We are experiencing pain now, but the problems of the Great Depression were several magnitudes greater.” Related: ...
Tuesday links: momentum signals
Abnormal Returns —
... “We won’t know the final outcome of this recession for a while, but I can safely say that the current situation is nowhere near as bad as the situation during the 1930’s.” (Freakonomics) ...
Further reading
FT Alphaville —
Elsewhere on Wednesday, - Tweets, twendz and stocks. - Capitalism is not broken. - Meredith Whitney is a contrarian indicator . - The broker’s view of nuns and teachers. - FDIC planning for a huge bank failure? - Forget the Great Depression. - A quick note on apples - and the yield curve. - In the end, China may not be the ultimate winner. - BofA and a Merrill IPO? No freaking way. - Do CEOs matter? - Neuroeconomics is a big, fat hoax. - The lunar cycle and the stock market. - ...
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N/A
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"A Second Great Depression is Still Possible"
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A second Great Depression is still possible
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My Senior Seminar on the Great Depression
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Sick Of New Budget-Conscious Lifestyle Shows? —
The Big Money 5/11/2009
There's no doubt that television programming has adjusted to our changing economic climate. But Slate 's Troy Patterson argues that the newest crop of recessionary lifestyle shows are irritating and unrealistic. Patterson finds the Food ...
When The Recession Forces You Out of Town —
The Big Money 5/14/2009
Newly launched Double X is chronicling the recession on their career blog, " The On Ramp ." In this first installment, readers recount the moves they've made--geographically speaking--to stay afloat in the recession. One reader tells her story:
...
Buttonwood: Birth pains —
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A new global system is coming into existence ALL monetary and economic systems are a struggle between borrowers, who favour inflation, and creditors, who are determined to maintain the purchasing power of the currency. In a democracy, this is a very ...
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