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To: BGR who wrote (77767)12/2/1999 6:08:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
BGR, if you think that the application of Keynesian policies work wonders with regards to recovery, why do you think Japan has been mired in a 10 year long depression, in spite of relying exactly on such policies?
could it be that it has something to do with the bubble that preceded the depression?

btw, the U.S. recovered in spite of the 'new deal' not because of it.

i have a link that has a very good synopsis of the interventionist follies that were perpetrated during the great depression that describes how they deepened and lengthened it unnecessarily.

i'll post it later or tomorrow...must find it first.

your naivete is touching sometimes....



To: BGR who wrote (77767)12/2/1999 10:36:00 PM
From: Mike M2  Read Replies (1) | Respond to of 86076
 
BGR, when i go to the beach the earth looks pretty flat to me -g- Contrary to what the political economists and historical revisionists of academia would like to believe Keynesian policies did not end the Great Depression It was ended by WWII - everybody knows that it has been extensively studied -g-. Mike



To: BGR who wrote (77767)1/5/2000 6:11:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
BGR, you are really UFB. Either you are completely ignorant or just trying to pull some strings. If you wanted to know when the thread started on my name, you can easily do that without asking me.

If you notice, I am not replying to your latest post to me. Rather, I am replying to an old note of your which I chose to ignore then.

Do you know the typical response of an insane person when you call him insane. He will say, "you are insane, your dad is insane, your mom is insane." You cited the earth was once flat theory in the same manner. This is from a classic book:

When the Bull Jumped Over the Moon
"It may have been observed that while arguing my case against validity of financial predictions, I have not touched on the most spectacular example - the later twenties, the supreme miscalculation of this century, which Mr. Westbrook refers to as "era of wonderful nonsense." I have avoided this for several reasons. For one thing, it is and has been cited too many thousand times by people, who, ten years ago, were, like every one else, its dupes. For another thing, it was not in all respects Wall Street's error. It was one of the great universal delusions of history, somewhat comparable to such magnificient errors as that the worldwas flat, or that all you had to do heal anybody of anything was to bleed him."


#reply-2256252

I think you have very primitive understanding of economics and yet you have delusions about your knowledge being superior to those who are ardent followers of Austrian economics. IMO, Simply stated, Austrian economics is this, "there is no free lunch."