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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (522574)	10/21/2009 10:49:37 PM
From: bentway	1 Recommendation Read Replies (1) \| Respond to of 1580023

What WAS it about WWII the ended the Great Depression, Dave? It was the WAR SPENDING. Even the (R)'s that CAUSED the Depression could be brought on board for deficit WAR SPENDING. ALL economists agree about this. But, it's just government SPENDING. Soldiers are just GOVERNMENT EMPLOYEES. There's nothing magic about it. As an investment, it sucks.

To: i-node who wrote (522574)	10/22/2009 5:57:48 PM
From: combjelly	Respond to of 1580023

"BTW, do you think Friedman knows "econ 101"?" It depends. Being an ardent member of the Chicago School of economics, his viewpoints were sort of slanted. Given that the recent economic belly flop of the global economy, a great deal of the foundations of the Chicago School has been called into question.

To: i-node who wrote (522574)	10/22/2009 6:24:17 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 1580023

"I know, given what you think of the Nobel prize, that you wouldn't want to argue with him. BTW, do you think Friedman knows "econ 101"?" Somebody doesn't think so... amazon.com " This review is from: FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression (Paperback) If Mr. Powell had submitted this as a paper in one of the college economics classes I taught, he would have received an F, for incompetent economic analysis and intellectual dishonesty. Mr. Powell picks his facts carefully, citing only those for which he can argue (almost always fallaciously) that FDR was wrong. Listing all his economic whoppers would become tiresome, but here are a few:"