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The most severe economic collapse in the US happened during the Great depression which lasted from roughly 1930 to 1948 almost 20 years!!!!!!!!
Gee, 20 years (not that it was actually anywhere NEAR 20 years) vs 500 - yup you sure made THAT point.
And manipulation of monetary policy and getting away from the free market has caused it.
Your problem is you listen to the same idiots who told us the economy was good during WW2. The same idiots who didn't see the dot com bubble and then when that went sour as all manipulation of the economy does, the same idiots who thought manipulating the housing industry would solve that problem.
Increase the money supply through lower than market interest rates and/or recklessly loaning to individuals by lowering lending standards has been the root cause of Americas economic booms and busts for the last 150 years. From The House of Cook, to the Great Depression, to the Dot Com and Housing collapses. It's all been the same thing. The busts are always worse than the booms.
Nope. Booms and busts have ALWAYS been around - whether the economy was "managed" or not. Some have been longer than others - and some of the longest ones have occured when economies were managed and some have occured during "free market" times.
Regarding WWII -
well I guess you consider an unemployment rate of 1.2% "bad".
I guess you consider building the infrastructure groundwork (in the form of electrification of the nation and massive production capacity increases) for the postwar boom "bad"
I guess you consider the incredible advancements in science and technology - from radar to the electronic computer to jet airplanes - that came out of WWII "bad".
Somehow I think the people that actually LIVED at the time would disagree with you assessment that the WWII economy wasn't booming.
LOL
The REASON for the postwar boom was BECAUSE of the country's infrastructure upgrades that occured from 1930 to 1945 so that at the end of the war - while everyone else was either saddled with a national infrastructure that had been flattened by 6 years of war or sitting in some backwater third world location that never had much modern infrastructure to begin with, the US was not only undamaged by the war but actually had an infrastructure that was bigger, stronger and more modern than anything the world had ever seen. We DOMINATED the postwar era BECAUSE of the government investment of the Depression and WWII years. It wasn't an accident that we came out of WWII the strongest nation on earth.
Ken
Last edited by LordBalfor; 07-31-2012 at 07:03 AM..
Maybe he's endorsing them so he can share the limelight Paul is getting. Look at the big banner and crowds chanting for Paul during Romney's visit to Poland.
So the lowering of interest rates by the Federal Reserve which is the CENTRAL BANK below market which led to the mal investment wasn't managed?????
So the Housing loans where lending standards were lowered so that people who normally didn't earn enough to get a loan now could, is not managed??? So the Housing loans where lending standards were lowered so that people who didn't have a history of good credit that normally stopped them form getting a loan, but now could, is not managed??? So the Housing loans where lending standards were lowered so that people who only had 5 percent or less for a down payment because their ability to save like normal good risks, but now could, was not managed?
Sure - those were "managed" (or "mismanaged" as the case may be). The point is, the idea that a cycle of economic booms and busts is someone a result of a "managed" economy is pure BS. Booms and busts have been around since man first began economic activity and some of the worst busts happened longggg before anyone had the idea to "manage" the economy - and anyone who thinks that such cycles are new is either massively ignorant of history or simply chooses to ignore it. Economic history didn't BEGIN with the invention of the Fed - nor with the formation of the United States.
500 years is SHORT LIVED???? That's how long the Dark Ages lasted - a period of continuous economic and political collapse that lasted a DOZEN LIFETIMES.
The European recessions of the 1700's may have been "short-lived" but they were CONSTANT. The economy would barely recover and then it would drop back into recession AGAIN producing a nearly continuous chain of recessions that lasted virtually the ENTIRE century.
And the ONLY reason the rich "lost the most" in these downturns is because the poor had next to nothing to BEGIN with.
The idea that economic recessions are the result of a central bank and "managed economies" is bunch of ignorant Bullsh*t.
Put down the Kool-aid and get an education that's not simply listening to Rightwing talk radio.
Ken
Explain how the 1920 depression ended.
Worse than the 1929 and 1933 crashes, along with the 2008 crash.
How many of Romney's delegates to Tampa, are actually supporters of Ron Paul?
How many of Santorum's delegates to Tampa, are actually supporters of Ron Paul?
How many of Gingrich's delegates to Tampa, are actually supporters of Ron Paul?
I was seated as a Romney delegate, because there was no one else there supporting Romney, that wanted to be a delegate.
I surely won't be yelling Romney, in Tampa.
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