[arthurus]

This is an old one but it should be in every student's Econ textbook.

[tflabo]

[GOP Poet]

bookmark

[gleeaikin]

We don’t have to go back that far to find lessons to be learned. Check out this link:

http://www.deepcapture.com/goldman-sachs-john-paulson-and-the-hedge-funds-that-pumped-and-dumped-our-economy/

[Dick Holmes]

The 1920 depression or recession, was mainly caused by two factors: The demob of Great War soldiers caused the biggest one-year spike in the civilian labor force in our history, before or since. This resulted in a deflation of wages, and prices soon followed.

The second factor was the mistake of the Federal Reserve Bank of New York in dealing with this deflationary recession, by raising the fed rate from 4% to 7% from December 1919 to June 1920, exactly the opposite of what was called for.

[NTHockey]

Long but great article. Too bad our illiterates in Congress can’t read.

“Mises compared an economy under the influence of artificial credit expansion to a master builder commissioned to construct a house that (unbeknownst to him) he lacks sufficient bricks to complete.”

Would this be the source for “A few bricks shy of a full load”?