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HershOstropoler
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If the options had been Bananaconomist or Motorist, it would make so much more sense.
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HershOstropoler
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Still so much better than Keynesian or Monetarist.
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HershOstropoler
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"handled"? By whom? And why?
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Main_Brain
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Economic World Center
Jul 2002
time: 06:28
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Hayeck.
Keynsianism brought us many Problems of today.Mainly because Politicans will never cut spending when they should.
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HershOstropoler
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Not entirely, but before you ask how to handle the economy, the question is why handle it at all?
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HershOstropoler
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quote:
Originally posted by PLATO1003
For example, Keynes believed that there was no market mechanism to aleviate a long term depression. |
So how come the depression of the late 19th century was overcome without deficit spending?
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PLATO
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Of the occupied South
Dec 2002
time: 23:28
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quote:
Originally posted by HershOstropoler
So how come the depression of the late 19th century was overcome without deficit spending? |
quote:
The outcry for reform increased sharply after 1890. Members of the clergy, social workers, and others studied life in the slums and reported on the awful living conditions there. Educators criticized the nation's school system. Increasingly, unskilled workers resorted to strikes in an attempt to gain concessions from their employers. Often, violence broke out between strikers and strikebreakers hired by the employers. Socialists and others who opposed the U.S. economic system of capitalism supported the strikers and gained a large following.
As public support for reform grew, so did the political influence of the reformers. In 1891, farmers and some labourers formed the People's, or Populist, Party. The Populists called for government action to help farmers and labourers. They gained a large following, and convinced many Democrats and Republicans to support reforms.
Reformers won control of many city and some state governments. They also elected many people to Congress who favoured their views. In addition, the first three presidents elected after 1900--Theodore Roosevelt, William Howard Taft, and Woodrow Wilson--supported certain reform laws.
Local and state legislation. Reformers in local and state government passed many laws to help the poor. Such laws provided for tenement house inspection, playgrounds, and other improvements of life in the slums. Some reform governments expanded public education and forced employers to protect workers against fires and dangerous machinery in factories |
Government revenues rose due to industrialization and increased efficiency. This prevented the need for deficit spending to support the reforms mentioned above. This does not negate the fact that government spending rose dramatically to end the depression.
Source: http://www.the-unitedstatesofameric...trilazation.htm
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Main_Brain
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Economic World Center
Jul 2002
time: 06:28
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Must be the same Reason why everyone takes the Germans in WWII Games ;=)
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Apolyton Time is 00:28. |
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17-06-2003 00:16
Why did you become member of the CCCP and why are you now member of the Drones in the ACDG when you're such an economic right-winger??
she wants to believe new deal was effective.
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