Re: space travel or war

On Mar 9, 11:19 am, "Alan Erskine" <alan.ersk...@xxxxxxxxxxx> wrote:
<Willie.Moo...@xxxxxxxxx> wrote in message

news:6e8cf9e9-8167-4f55-ba0b-d121f450b270@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Every modern depression, recession, business panic and collapse was
preceded by military action in the modern age - from the Civil War
forward.

The Great Depression of the '30's wasn't.

Yes it was This is a recent finding by Economic historians who are
able to go into greater depth than before. Milton Friedman's analysis
citing the importance of monetary forces is incomplete. The
underlying cause of monetary weakness was the destruction of capital
in Europe and the inability of monetary systems of that time to
accomodate to that destruction.

http://en.wikipedia.org/wiki/Peter_Temin

Read 'Lessons from the Great Depression' by Peter Temin MIT Press its
available in paperback for $24.
.

Relevant Pages

  • Re: space travel or war
    ... preceded by military action in the modern age - from the Civil War ... The Great Depression of the '30's wasn't. ...
    (sci.space.policy)
  • Re: The Fuhrer Principle
    ... Before the Civil war it was even worse! ... > It's academic if Lincoln conducted the affairs surrounding of the ... > that he did not care about those suffering from the Depression. ... > sufficient fiscal stimulus to revive the U.S. economy is also debated. ...
    (rec.martial-arts)
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