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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (89626)	11/3/2008 9:59:23 AM
From: studdog	Read Replies (1) of 116555

Well if Austrian economics was standard economics before Keynes, then it didn't prevent the depression. I don't believe the Austrian school was "standard economics" then, rather it was "classical economics" that got us into it. And there were many panics/depressions before Keynes appeared. Your quote: "Many of FDR's New Deal programs were designed to avoid social problems of starvation or violence, despair or antisocial behavior by the bored unemployed. These WPA programs provided society with valuable social social goods in themselves and usually were designed to use few other resources, such as murals, and forestry projects." See paraphrased Voltaire.

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