great depression Archive

Italian article this am

Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time ...Read More

statement by President Herbert Hoover, Nov 1928

In Nov. 1928, Hoover gave a speech (accepting the Republican nomination) saying, in part: “We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us. We have not yet reached the goal, but, given a ...Read More

1938 in 2010

1938 in 2010 By Paul Krugman September 5 (Bloomberg) — Here’s the situation: The U.S. economy has been crippled by a financial crisis. The president’s policies have limited the damage, but they were too cautious, and unemployment remains disastrously high. More action is clearly needed. Yet the public has soured on government ...Read More

Re: Budget surpluses cause depressions

[Skip to the end] (email exchange) All a bunch of true but not relevant crapola. All 6 US depressions were preceded by the first 6 periods of budget surpluses. The 7th ended in 2001, as Bloomberg announced it was the longest surplus since 1927-1930. The difference now we are not on the ...Read More