The Great Depression Was Ended by the End of World War II, Not the Start of It
A common fallacy is that the Great Depression was ended ... taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. True, unemployment did decline at the start of World War II.
What Happened to the 'Depression'?
Day after day, economists, politicians and journalists repeat the trope that the current recession is the worst since the Great Depression ... were in a depression. The New York Times and others piled on, speculating foolishly about the end of capitalism.
A Great Leader's Year-end Checklist
The year is almost over. Great leaders know how to tie ... and list in one column your defining characteristics at the start of the year, and in the other, your defining characteristics at the end of the year. How do the two lists differ, if at all?
The End of the 30-year Bond Bull Market?
Is the great 30-year bull market in bonds coming to an end? Yes, perhaps — or maybe not ... What would the world look like if rates did start to rise? Borrowing costs would probably go up, making it more expensive to buy things like homes, cars and ...
The Long Depression
So, apparently, do a lot of investors ... call it the "Long Depression." Why is it a "Depression"? As DeLong notes, the U.S. lost 180 percent of a year's total output during the 1930s' Great Depression. That depression came to an end when this country ...