This is utter nonsense. Once again your meager knowledge of macro economics and monetary policy has gotten you into trouble. The Feds tightening from 4.75 to 7% to combat post war inflation was a MAJOR factor in tipping the country into a sharp recession following return of troops and expansion of the labor force following WW I. It was only after the Fed recognized its error and eased monetary policy that the country rapidly recovered. You are fast proving yourself to be a fool.
How Tea Party tax cuts are turning Kansas into a smoking ruin
- Thread starter gwb-trading
- Start date
Here's the explosion of school funding, and it's inability to produce what it promised:
Here's the long term gdp growth of this country.
Notice how gdp per capita simply continued on it's long term trajectory since the beginning ov this country's existence despite the absence of public schools in it's earlier times and despite the explosion of school funding in later times.
School funding is more about a jobs program for teachers than it has anything to do with the growth of the country.
The gravy train is going to end one way or the other.
Great stuff, fhl.
I love this liberal tactic where if you object to the last marginal dollar of wasteful spending, then you are against the entire exercise. They love to pull it on education, on the environment, on welfare. If you don't support what the education unions want 100%, like they do, then you are "against education", notwithstanding how many billions are already being pissed away.
We probably do have an education problem in this country. Part of it involves letting hundreds of thousands of illiterate illegals who don't even speak english inundate our schools. Part of it is cultural. As we have seen, a certain segment of the population has little to no interest in education, but does do everything possible to ruin it for everyone else. The education establishment's solution is to fret about "white privilege." Oh and of course, demand we send more money.
Here's a chart of fed interest rates during the time in question:
As you can see, with the exception of some outliers, fed rates went up some into 1920 and then the low end stayed at around 6%. This was at a time when deflation was, are you ready for this, 18%. That is a 24% real rate of interest. Along with the gov't doing nothing fiscally, I'd say, and I think any rational person would say, that the gov't did nothing to stop this depression. And it was a depression, not a recession as you are trying to hide behind.
18 months. Compared to the 'it needs more time' of the cranks running, or i should say ruining, our economy now.
Do you have any other examples of my foolishness?
See that purple line below. IT'S THE TIMING OF THAT That you want to look at relative to the sharp recession following the war. Milton Friedman has written quite a bit about this, as have other economists. It's that tightening, which was extremely ill timed, starting in late 1919 that tipped the country into a sharp recession , along with other factors, naturally. The Fed realized the error in 1921 and reversed course , as you can see on the chart. That's what turned the tide, and helped bring the country out of recession. Fed action then, just as it did in 2009 was instrumental in heading off an even deeper recession. However the 2008-2009 crisis was a far more serious matter. Fortunately, in the latter case, because the U.S. was off the gold standard, the Fed had many more tools it could employ. What puzzles me is that you don't consider the Fed part of government. I guess they should change their web address to fed.com!
Pretty much everything you post is an example of your foolishness. Take your pick!Here's a chart of fed interest rates during the time in question:
As you can see, with the exception of some outliers, fed rates went up some into 1920 and then the low end stayed at around 6%. This was at a time when deflation was, are you ready for this, 18%. That is a 24% real rate of interest. Along with the gov't doing nothing fiscally, I'd say, and I think any rational person would say, that the gov't did nothing to stop this depression. And it was a depression, not a recession as you are trying to hide behind.
18 months. Compared to the 'it needs more time' of the cranks running, or i should say ruining, our economy now.
Do you have any other examples of my foolishness?
See that purple line below. IT'S THE TIMING OF THAT That you want to look at relative to the sharp recession following the war. Milton Friedman has written quite a bit about this, as have other economists. It's that tightening, which was extremely ill timed, starting in late 1919 that tipped the country into a sharp recession , along with other factors, naturally. The Fed realized the error in 1921 and reversed course , as you can see on the chart. That's what turned the tide, and helped bring the country out of recession. Fed action then, just as it did in 2009 was instrumental in heading off an even deeper recession. However the 2008-2009 crisis was a far more serious matter. Fortunately, in the latter case, because the U.S. was off the gold standard, the Fed had many more tools it could employ. What puzzles me is that you don't consider the Fed part of government. I guess they should change their web address to fed.com!
Pretty much everything you post is an example of your foolishness. Take your pick!
So lowering the discount rate from 6% to 4%, back to no lower than where it was before the depression, leaving a real rate of interest of 22-24%, is your idea of the fed taking bold steps to fix an economy with 18% deflation?
Nice try piezoe. Scratch that. It really wasn't. I'll just chalk it up to refusing to concede defeat. That's the way it is on the internet.
"Wisconsin Gov. Scott Walker is facing a revolt from Republicans in the legislature who have suddenly realized his budget is designed to impress voters in Iowa, not to actually run Wisconsin"...
Scott Walker, Set for a Bigger Stage, Faces G.O.P. Revolt in Wisconsin
http://www.nytimes.com/2015/06/24/u...eadership-faces-gop-discord-in-wisconsin.html
MADISON, Wis. — As Gov. Scott Walker prepares to announce his campaign for president next month, promising to bring what he calls “big bold leadership” to Washington, as he did in Wisconsin, he faces a cloud over that story line: Republicans back home are in revolt.
Leaders of Mr. Walker’s party, which controls the Legislature, are balking at his demands for the state’s budget. Critics say the governor’s spending blueprint is aimed more at appealing to conservatives in early-voting states like Iowa than doing what is best for Wisconsin.
(More at above url)
Scott Walker, Set for a Bigger Stage, Faces G.O.P. Revolt in Wisconsin
http://www.nytimes.com/2015/06/24/u...eadership-faces-gop-discord-in-wisconsin.html
MADISON, Wis. — As Gov. Scott Walker prepares to announce his campaign for president next month, promising to bring what he calls “big bold leadership” to Washington, as he did in Wisconsin, he faces a cloud over that story line: Republicans back home are in revolt.
Leaders of Mr. Walker’s party, which controls the Legislature, are balking at his demands for the state’s budget. Critics say the governor’s spending blueprint is aimed more at appealing to conservatives in early-voting states like Iowa than doing what is best for Wisconsin.
(More at above url)
Meet the rest of the Brownback family... just as insane as Sam...
Sam Brownback's brother accused of terrorizing rural neighbors
Parker farmer plays with fire, leans on family ties to suffocate criticism
http://cjonline.com/news/2015-08-08...ed-terrorizing-rural-neighbors?yougongetraped
Sam Brownback's brother accused of terrorizing rural neighbors
Parker farmer plays with fire, leans on family ties to suffocate criticism
http://cjonline.com/news/2015-08-08...ed-terrorizing-rural-neighbors?yougongetraped
If true, jesus!
We now have fair warning on this nutcase. Round up his guns and put him in a hospital now, before he goes Roof on us.
(Good to see this thread again.)
