Article

2008-10-22 Britain

Do our rulers know enough to avoid a 1930s replay?

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Posted by tipper 2008-10-22 08:14|| || Front Page|| [11130 views ] Top

#1 No. The 'best politicians' and bureaucrats that money can buy are still in the positions that permitted them to screw the safety system in the first place. Why would expect something different? You think a politician has enough guts to say "we don't know what we're doing" and that "we need to ride this beast now in order to avoid doing something really really stupid just to show that we're doing something, anything"?

Posted by Procopius2k 2008-10-22 09:38|| 2008-10-22 09:38|| Front Page Top

#2 No.
If the dhimocrats get power, I expect the same mistakes to be made with the same result.

Posted by DarthVader 2008-10-22 09:47|| 2008-10-22 09:47|| Front Page Top

#3 We may avoid a replay of the 1930s, which was largely an attempt to avoid a replay of the early 1920s, with a repeat of the 1920s, ie hyperinflation.

Posted by phil_b 2008-10-22 09:55|| 2008-10-22 09:55|| Front Page Top

#4 If yes, we'll get a totally novel set of mistakes, which will shape the next financial crisis.

Posted by trailing wife ">trailing wife 2008-10-22 12:14|| 2008-10-22 12:14|| Front Page Top

#5 The derivatives are a problem that no leader has ever dealt with.

Posted by 3dc 2008-10-22 12:59|| 2008-10-22 12:59|| Front Page Top

#6 Well, this time, WE have the "charismatic" leader with a personality cult running against a military hero, anti-semitism is just fine in elite circles, and inflation is starting to rear it's ugly head.....

Posted by Cornsilk Blondie 2008-10-22 14:13|| 2008-10-22 14:13|| Front Page Top

#7 I've stopped worring about if we are "repeatng the 30's" and have lately started to wonder if we might not be flirting with the "20's".

(And I ain't talking hyperinflation)

Posted by Kelly 2008-10-22 16:41|| 2008-10-22 16:41|| Front Page Top

#8 History does not repeat itself, but it does rhyme.

Posted by Nimble Spemble 2008-10-22 16:44|| 2008-10-22 16:44|| Front Page Top

#9 If the dhimocrats get power, I expect the same mistakes to be made with the same result.

Isn't that the definition of crazy?

Posted by JohnQC 2008-10-22 17:58|| 2008-10-22 17:58|| Front Page Top

#10 ..have lately started to wonder if we might not be flirting with the "20's".

I think that's been the Times-Picayune publisher's intent. :)

Posted by Procopius2k 2008-10-22 19:33|| 2008-10-22 19:33|| Front Page Top

#11 I really object to referring to to Congress (Representatives & Senators) as "our rulers"! These people -President included- are NOT our rulers, they're our employees.

Well...at least that is what they should be!

Posted by Shaitle Guelph5152 2008-10-22 19:47|| 2008-10-22 19:47|| Front Page Top

23:58 3dc
23:57 Sherry
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