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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (15669)	2/25/2002 1:46:33 PM
From: LLCF	Respond to of 74559

<<I fail to see how central bank action OR inaction can in any way, shape or form be called "letting things shake out." By "letting things shake out" you imply that there are free market forces at work, IMO.>> Yes, I'm looking ahead... Greenspan can monitize like nuts [even buying corporate, or agency paper as well as US treasuries] or not... of course things will have to get much worse. <Er, German hyperinflation was in 1922-1923. > Yea... I know. DAK

To: Ilaine who wrote (15669)	2/25/2002 9:01:49 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 74559

CB - catalog.libertyfund.org!OpenDocument&CartID=10741-070228 Economics and the Public Welfare A Financial and Economic History of the United States, 1914–1946 By Benjamin M. Anderson Foreword by Arthur Kemp "In the turbulent years between passage of the Federal Reserve Act (1913) and the Bretton Woods Agreement (1945), the peoples of the Western world suffered two World Wars, two major and several minor international financial panics, an epidemic of currency devaluations and debt repudiations, civil wars, and revolutions. They also enjoyed a decade of unprecedented prosperity and a decade of unprecedented depression and deflation. They also saw the beginning of a period of prolonged, world-wide inflation. No period in history could serve better as a case study for the analysis of applied economic policy. From his vantage point as economist for the Chase Manhattan Bank and editor of the Chase Economic Bulletin, who participated in much of what he records, Dr. Anderson here describes the climactic events of a turbulent era. " This would seem to be a possible aid to your newspaper reading. From the foreword - "As the subtitle of this volume indicates, [EPW], is an economic history of the United States over a period of time in which the author was not only an astute observer of, but also a frequent participant in, important events. Unlike many volumes of memoirs, however, the main thrust of the book is toward not the simple recording of events but an integrating of those events with the underlying principles." Regards, Don