Comments on: The Great Recession http://joecobb.com/2008/11/09/the-great-recession/ Libertarian Candidate for Congress Mon, 08 Mar 2010 06:48:22 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Alan Reynolds http://joecobb.com/2008/11/09/the-great-recession/comment-page-1/#comment-119 Alan Reynolds Mon, 31 Aug 2009 17:18:50 +0000 http://www.joecobb.com/?p=262#comment-119 In November 1979, I wrote "What Do We Know About the Great Crash?" for National Review. It confirms the importance of trade warfare in promoting a deflationary implosion of world markets and debts (as have others from Irving Fisher to Scott Sumner), but also deals with gross blunders in taxes, regulations and monetary policy. It also debunks some common myths blaming the policy blunders of the 1930s on the prosperity of the 1920s. Still worth a look, I believe: http://www.cato.org/pubs/articles/reynolds_speech_19791109.pdf In November 1979, I wrote “What Do We Know About the Great Crash?” for National Review. It confirms the importance of trade warfare in promoting a deflationary implosion of world markets and debts (as have others from Irving Fisher to Scott Sumner), but also deals with gross blunders in taxes, regulations and monetary policy. It also debunks some common myths blaming the policy blunders of the 1930s on the prosperity of the 1920s.
Still worth a look, I believe:

http://www.cato.org/pubs/articles/reynolds_speech_19791109.pdf

]]> By: Doug P. http://joecobb.com/2008/11/09/the-great-recession/comment-page-1/#comment-48 Doug P. Wed, 28 Jan 2009 20:31:30 +0000 http://www.joecobb.com/?p=262#comment-48 Yes, I agree, I might add that the housing prices quadrupling and gas prices at $4 or more helped greatly Yes, I agree, I might add that the housing prices quadrupling and gas prices at $4 or more helped greatly

]]> By: Eric http://joecobb.com/2008/11/09/the-great-recession/comment-page-1/#comment-47 Eric Wed, 03 Dec 2008 02:07:21 +0000 http://www.joecobb.com/?p=262#comment-47 <strong>the great depression of 1929...</strong> I usually agree with your article content, but in this case I am sorry to say that I do not share your views.... the great depression of 1929…

I usually agree with your article content, but in this case I am sorry to say that I do not share your views….

]]> By: Retirement Papers http://joecobb.com/2008/11/09/the-great-recession/comment-page-1/#comment-45 Retirement Papers Mon, 01 Dec 2008 21:36:38 +0000 http://www.joecobb.com/?p=262#comment-45 <strong>Retirement Papers...</strong> I have to say, that I could not agree with you in 100%, but it's just my opinion, which could be wrong.... Retirement Papers…

I have to say, that I could not agree with you in 100%, but it’s just my opinion, which could be wrong….

]]> By: blogger http://joecobb.com/2008/11/09/the-great-recession/comment-page-1/#comment-46 blogger Mon, 10 Nov 2008 13:58:13 +0000 http://www.joecobb.com/?p=262#comment-46 From "Today's Papers" in Slate, Nov.10, 2008: "The NYT's Paul Krugman and the WP's E.J. Dionne Jr. both have one simple message for Obama: Be bold. Krugman says that while Roosevelt's New Deal brought real relief to many, it almost failed because it didn't create as much fiscal stimulus as many people assume. Roosevelt wanted to be prudent, and now Obama can't make the same mistake. "It's much better, in a depressed economy, to err on the side of too much stimulus than on the side of too little," writes Krugman. For his part, Dionne says Obama needs to ignore all those who warn him not to "overreach," because it's clear that the president-elect "has been authorized to move in a new direction." Obama shouldn't be afraid to follow Ronald Reagan and make some bold first moves. In the end, "timidity is a far greater danger than overreaching," Dionne writes, "simply because it's quite easy to be cautious." From “Today’s Papers” in Slate, Nov.10, 2008:
“The NYT’s Paul Krugman and the WP’s E.J. Dionne Jr. both have one simple message for Obama: Be bold. Krugman says that while Roosevelt’s New Deal brought real relief to many, it almost failed because it didn’t create as much fiscal stimulus as many people assume. Roosevelt wanted to be prudent, and now Obama can’t make the same mistake. “It’s much better, in a depressed economy, to err on the side of too much stimulus than on the side of too little,” writes Krugman. For his part, Dionne says Obama needs to ignore all those who warn him not to “overreach,” because it’s clear that the president-elect “has been authorized to move in a new direction.” Obama shouldn’t be afraid to follow Ronald Reagan and make some bold first moves. In the end, “timidity is a far greater danger than overreaching,” Dionne writes, “simply because it’s quite easy to be cautious.”

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