Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Book Nook -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (302)	5/13/2001 8:24:26 AM
From: Ilaine	Respond to of 443

The Friedmann & Schwartz book arrived Friday. I could say, but I'd be joking, that all they do is say things others have already said. The reason it's a joke, of course, is that the work was seminal, or germinal as I'd rather say it.:) Right now I am off on a couple of different tangents from banks and the Federal Reserve; I suppose it's really one tangent, international exchange. Hitler's Banker arrived Saturday. Quite a disappointment to me, but in retrospect I shouldn't have been so hopeful. I first looked at the chapter about the hyperinflation - the only footnotes are to Schacht's own autobiography and another biography of Schacht. At any rate it will be useful as an overview. I got two of A.J.P. Taylor's books from the public library yesterday, English History 1914-1945 and The Origins of the Second World War. Different branches of the library have others, including the one about World War I that made everyone in England so angry. I am going to get that one today. My brother-in-law says that when it was published in England, on the back of the dust jacket, instead of favorable reviews, the publisher put all the unfavorable ones, with the final review simply in very large letters "A DISGRACE!!!" I like his writing style. He was a real historian. One item I found amusing in his bibliography - he says of documents from the German foreign ministry that fell into Allied hands and were published, "the volumes give a perhaps misleading impression of considered policy rather than of puzzled men doing things in a hurry." I think that is something that could be said about all history.

To: JF Quinnelly who wrote (302)	5/23/2001 6:42:34 PM
From: Ilaine	Read Replies (1) \| Respond to of 443

>>A puzzled, somewhat skeptical Alice asked the Republican leadership some simple questions: “Will not the printing and selling of more stocks and bonds, the building of new plants and the increase of efficiency produce more goods than we can buy?” “No,” shouted Humpty Dumpty, “The more we produce the more we can buy.” “What if we produce a surplus?” “Oh, we can sell it to foreign consumers.” “How can the foreigners pay for it?” “Why, we will lend them the money.” “I see,” said little Alice, “they will buy our surplus with our money. Of course these foreigners will pay us back by selling us their goods?” “Oh, not at all,” said Humpty Dumpty, “We set up a high wall called the tariff.” “And,” said Alice at last, “how will the foreigners pay off these loans?” “That is easy,” said Humpty Dumpty, “did you ever hear of a moratorium?”<< Where did the money go? US interests were owed $30 billion by European and Latin American interests in 1930, most of which was never repaid.