SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (89755)4/4/2001 10:41:57 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<There is no question that the Fed and the Hoover administration deliberately pursued deflationary policies in the early 1930's in order to "wring out" what they perceived as excesses caused by speculation. >

I know they raised rates and tried to "wring out" speculation in 28-9, but they cuts rates from 6.5% to 1.5% in 30-31. Yes, they let banks fail, won't happen today.

Also, don't read TOO MUCH Galbraith...

dAK



To: Ilaine who wrote (89755)4/4/2001 11:11:16 AM
From: Mike M2  Read Replies (3) | Respond to of 436258
 
CB, when studying the 20s I think of the present mania. I think it is prudent to check excessive speculation. AG has persued the most reckless monetary expansion in history and it facilitated the dot.con mania malinvestment. Prolonging a speculative bubble only results in greater malinvestment, wealth redistribution and excessive debt leading to debt deflation. TL & EV


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News