Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: flashbunny
What happens in a depression?

A depression is a longer and deeper recession.

Recessionary environments have experienced stagflation.

Prices do not necessarily go down in a depression and price hikes can actually characterize one.

Price controls and rationing to avoid inflation took place during WWII

The price controls and rationing were not to avoid inflation but to reallocate resources to the war effort by government fiat.

In theory, your ration card entitled you to a certain amount of beef, but if you were willing to pay up (at inflated prices) you could always find some more.

For someone trying to tell the thread author he is short on facts, you seem to be painfully unaware of them.

Economics are more complex than either the author or you represent them to be.

104 posted on 11/18/2005 12:36:29 PM PST by wideawake (God bless our brave troops and their Commander-in-Chief)
[ Post Reply | Private Reply | To 95 | View Replies ]


To: wideawake

"Economics are more complex than either the author or you represent them to be"

Yes, economics can be complex and also very simple at the same time.

But the facts are other than you claim them to be. Your complete ignorance of the link between a depression and WWII and the lack of inflation is staggering.


111 posted on 11/18/2005 12:44:06 PM PST by flashbunny (LOCKBOX: Where most republicans keep their gonads after they arrive in Washington D.C.)
[ Post Reply | Private Reply | To 104 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson