Friday, June 22, 2012

Steve's Barking at Depression of 1920

Out damn depression,out I say. Be like the depression of 1920.
If only we had a Depression like we had in 1920 when we got out of it without Government and it took no time at all.
Now if only there had been a war recently were countries needed our products that our factories had to produce at fall capacity after producing at a fraction of it's capacity. Their factories were being rebuild after being destroyed by war.
Europe had the means to pay even though the owed us more money then the stars at MGM studios.
If only China needed our products, or for that matter the rest of Asia needed and could buy them.
If only Europe had no manufacturing capacity.

Why do I think the more free trade agreements we have, the less free trade we have. I must be getting senile.

Why do some many smart people insist that we fight the  present battles with the last wars tactics?
Or in the case of the small (lasting a short period of time) depression with tactics that are totally wrong.
Am I the only goofball who thinks that there are several types of Depressions?

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