How To "Fix" The Recession (A Lesson From The 1920s)



Thanks for the article.

Here's a book I stumbled across a few years back. It's in the public domain I believe and can either be read online or downloaded as a PDF.

Money by James Platt published in 1880.

Some truths stand the test of time it would seem.
 
There's a reason why the 1920-21 depression is the one "you've never heard of". Because govt allowed the free markets to work. It was painful yet extremely short lived (hence why "nobody's heard of it").

The Keynesians (retards) in Washington and the Fed falsely believe we can spend our way out of this mess. It's ludicrous.

Everyone should read up on Economics to understand the mess we're in now and the horrors we face in the future if these idiotic policies aren't reversed. Here's a good start: [ame="http://www.amazon.com/Meltdown-Free-Market-Collapsed-Government-Bailouts/dp/1596985879/ref=sr_1_1?ie=UTF8&s=books&qid=1263494249&sr=1-1"]Amazon.com: Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse (9781596985872): Thomas E. Woods Jr., Ron Paul: Books[/ame]


And Pootur, by bankers I'm assuming you mean the Fed, because they're the true culprits with their artificially low interest rates resulting in gross misallocation of capital, and bubbles.
 
The article only makes passing reference to the Austrian school of economics, but here is a link that talks more about it for those that haven't studied econ: About the Mises Institute

I know it's been posted here before, but I think it's worth posting again.
 
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