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

To: expat_panama

We have to make comparisons to draw conclusions. The Long Depression happened pre-Fed. We can then look to post-Fed deflations and compare. You’re an expert at grabbing data, Pete. Let’s take a look. I’m interested in the truth.


100 posted on 11/17/2014 5:05:47 PM PST by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 96 | View Replies ]


To: 1010RD
. The Long Depression happened pre-Fed.

Let me know if your understanding is different, but what I got is that when I described deflation affects to goldstategop, you raised the question of past history and I said the "last two times that we had deflation was early '09 and the early '1930's" and they were rough.  What I'm getting here in post # 96 and #100 is that the hard times occurring with the last two deflation periods was because the Fed made the deflation bad when it would have been OK otherwise.  I get you're offering the "pre-Fed" Long Depression as an example of how w/o the Fed wide spread deflation can be a good thing.

If that's what we got then off hand we were saying here that the 1873 - 1879 contraction was falling real wages w/ slower econ growth, but we don't want to run off on a Fed-bashing tangent.  Policy matters and names don't.  Fiscal irresponsibility and monetary blunders are bad no matter who's blamed and if we get market freedom and stable predictable prices I won't care what the name is of the office that's setting policy.

102 posted on 11/18/2014 8:12:28 AM PST by expat_panama
[ Post Reply | Private Reply | To 100 | 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