QueerSpear
Banned
Why did he call it a failure? Was it because it didn't go farhter enough or for something else?
Because he was a fiscal conservative of the American School of Economics variety.
Why did he call it a failure? Was it because it didn't go farhter enough or for something else?
The legacy of the new deal was to construct a fundamentally better social contract once the country came out of the depression and WWII, regardless of its stimulus affect on the economy or lack thereof
Why did he call it a failure? Was it because it didn't go farhter enough or for something else?
What were these "many interventionist laws and practices"? Do you have a non-biased source?
No it didn't. That's a standard bogus attack based on ignorance of historical facts.
It was the failed policies of the Hoover administration based around the free market which turned a nasty recession into a depression, leading to thousands of businesses going bankrupt and the loss of millions of jobs. The so called Roosevelt Recession was triggered when FDR implemented fiscal conservative policies- indeed that the 1938 Recession is a perfect example of how useless fiscal conservatism is.
FDR raised taxes to balance the budget and the Federal Reserve implemented a contractionary policy (that is, the amount of money being spend was lower than the amount of tax revenue. Contractionary policies are implemented when you attempt for instance to pay off the debt or balance a budget). It was only when FDR reversed policies, increased the public works programs while the Reserve reversed the contractionary policies and eased credit.
there will of course, never be any sort of abuse associated with legalizing the buying and selling of childrenWe already ja
We already have one in adoption agencies so your point is what
Great lack of counterpoint lacking in anything called facts. You must be a socialist therefore anything you say should be dismissed as ignorance and wishful thinking[/QUOTE]The austrian school is garbage
Of course, Hoover's "many interventionist laws and practices" consisted of Smoot-Hawley and...and...and...For an especially poignant example, I would point to the Smoot-Hawley Tariff Act of 1930, of which Hoover approved and which he enthusiastically signed into law. The end result was that many foreign nations reciprocally increased tariffs on American goods, cutting imports and exports massively in the following years. According to Robert Whaples in The Journal of Economic History, the general view among economists is that the Tariff Act of 1930 served to exacerbate what became the Great Depression.
Nice cop-out.No source is without bias, no matter what your college professors told you. Welcome to humanity.
Not to mention that the Great Depression's global rammifications would end up causing World War II in part because of the Treaty of Versailles, especially with the war debts
I think this was the biggest issue. The treaty combined with protectionism made the Great Depression what it was. Germany had to pay fairly large indemnities but protectionism made it difficult for it to earn money to do so. This in turn made it difficult for GB and France to pay their debt to the US. If the treaty was more lenient economically or the (better and more realistic) international trade was more free the Great Depression would probably have not happened. A downturn in the 1930's would probably have happened but it wouldn't have been as severe. The Nazis wouldn't have rose because it wouldn't have been as bad in Germany.
Hadn't the rest of the world essentially "recovered" from the Great Depression by '36 or '37? This, right about when the US fall back into another recession? So, without the New Deal the US would've most likely recovered along with the rest of the world by the mid to late 30s.
I think the Panic of 1873 was pretty serious and took a number of years to recover from.. . . In the past when the Panics struck every few decades, the reaction of government had been to do very little, sometimes plainly nothing, and in each such instance the economy rebounded in a few years . . .
dying country
Now, this is someone's thesis for their bachelor's degree. So be it. I bet they put a lot of work into it.The Long Depression: Deflation and Industrialization in 19th Century Germany
https://scholarship.tricolib.brynmawr.edu/handle/10066/17678
'In 1873, Germany and the rest of Europe entered a state of economic depression which lasted, by many accounts, until 1896. . . . '
Two of your "sources" are libertarian propaganda outlets. The third is a press release for an article by two fringe economists with ties to those organisations and other libertarian groups. Theirs is by no means a mainstream or majority opinion, in fact it's anything but. Having perused their article I find it unconvincing and deeply flawed.
Well yes, self-evidently. But there is still a lot of goldbuggery around.The austrian school is garbage
Not to forget Columbus Joiner.Not to mention that the Great Depression's global rammifications would end up causing World War II in part because of the Treaty of Versailles, especially with the war debts
If you can seriously conflate adoption and selling children you are seriously out of touch with reality.We already ja
We already have one in adoption agencies so your point is what