Deadweight loss

You have yet to even touch the facts in the OP.

you cant and yet you hang arround to throw childish insults.


Just more proof of your historically failed ideas.


Where is the historical proof your magic market exsists?

Frank already calmly and rationally spanked your ass and you chose to ignore it...

How convienient for you...

Ahhh more lies and empty insults

Read the thread...

Frank handed you your ass and you ignored his latest response...

You really do suck at this...
 
So now you are going to claim that the right has not claimed the market is being held back by regulations?
 
why are you pretending deregulation has not been one of the biggest isues of the right?
 
Still not one of you willing to adress the OP.


Its getting pretty sad.

Why do you know so very little about the positions you hold?
 
Still not one of you willing to adress the OP.


Its getting pretty sad.

Why do you know so very little about the positions you hold?

I already commented.....
Thank you for explaining why when idiot politicians, like Pat Quinn in Illinois, raise income taxes 66% and corporate taxes 46%, people and corporations flee, causing revenues from these ex-residents to fall to ZERO.

Why do you know so little?
 
and I responded to him and he quickly ran away when he could not answer.


You then claimed he won some debate by running away
 
Then produce for me a time in history when unfettered markets produced the results you claim they will produce?

Do you know how the Depression of 1920 was handled in record time?

Depression of 1920

Presidents Harding, Coolidge and SecTres Mellon, let the markets reprice everything post WWI and unemployment dropped from 12% to 4% in 18 months.

That's the unfettered free market at work

Daniel Kuehn's recent research makes the claim that Woods gets many of the facts of the 1920-21 recession wrong.[13] Kuehn argues that the most substantial downsizing of government was attributable to the Wilson administration, and occurred well before the onset of the 1920-21 recession. Kuehn states that the Harding administration raised taxes in 1921 by expanding the tax base considerably at the same time that it lowered rates. Kuehn also argues that Woods underemphasizes the role the monetary stimulus played in reviving the depressed economy and that, since the 1920-21 recession was not characterized by any aggregate demand deficiency, fiscal stimulus was unwarranted.
 
And more at your wiki link




The United States had adopted the Federal Reserve System in 1913, and the institution was still new. Milton Friedman and Anna Schwartz, in A Monetary History of the United States, identify mistakes in Federal Reserve policy as a key factor in the crisis. At the end of the war the Federal Reserve Bank of New York began raising interest rates sharply. In December 1919 the rate was raised from 4.75% to 5%. A month later it was raised to 6% and in June 1920 it was raised to 7% (the highest interest rates of any period except the 1970s and early 1980s). The high rates sharply reduced the amount of bank lending in the country, both to other banks and to consumers and businesses.[2][9]

Rates were sharply reduced in the latter half of 1921. The New York Federal Reserve reduced rates in successive half-point moves over the July- November period from the 7% high to 4.5% on November 3, 1921. The depression ended.
 

Forum List

Back
Top