Article

2015-01-04 Economy

The Depression That Was Fixed by Doing Nothing

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by badanov 2015-01-04 00:00|| || Front Page|| [11 views ] Top

#1 Given the cooking of the books by the BLS, the Fed
and other agencies, I'm not all that sure the Depression is over. Given the number of people working two to three part time jobs to make ends meet, I believe that at best we are in a recession.

Posted by Vespasian Sholuting3430 2015-01-04 03:05|| 2015-01-04 03:05|| Front Page Top

#2 Part of the problem is context. The popular image of the Great Depression is the gritty black and white pictures and film. Somewhere around three quarters of the work eligible population were employed. You didn't work, you went without the benefits of government food and housing welfare. Today, a lot of those people are dropped from the numbers the bureaucrats manipulate. So we're left with a false comparison.

Posted by P2Kontheroad 2015-01-04 08:21|| 2015-01-04 08:21|| Front Page Top

#3 People in the center/right keep pining for the next Reagan when they should be pining for the next Coolidge.

Posted by no mo uro 2015-01-04 08:49|| 2015-01-04 08:49|| Front Page Top

#4 "The U.S. suffered the steepest plunge in wholesale prices "

Sorry but do journalists do a special test enabling them to write dumb things like this? Falling prices are NOT bad.

Posted by Bright Pebbles 2015-01-04 11:03|| 2015-01-04 11:03|| Front Page Top

#5 Falling prices are NOT bad.
Depends whether you're buying or selling.

Posted by Glenmore 2015-01-04 11:39|| 2015-01-04 11:39|| Front Page Top

#6 When a Quarter, Half-Dollar, or Dollar Coin, etc. was actually worth as much, and not the 5-10 cents-n-getting-lower its worth now.

Posted by JosephMendiola 2015-01-04 21:52|| 2015-01-04 21:52|| Front Page Top