Wednesday, October 2, 2013

Dirk Ehnts — Irving Fisher on the Great Depression

“Finally the Government stepped in and itself went deeply into debt with the banks. [Fisher]” Instead, the news today are rather showing us the opposite, as the NY Times reports in this headline:
U.S. Government Shuts Down in Budget Impasse
One wonders why politicians would actively sabotage the national economy and make the cake smaller. Either they are ignorant – but I hardly believe that – or there are some people who will gain and some that will lose from this. This is probably about distribution.
Ya think?

econoblog101
Irving Fisher on the Great Depression
Dirk Ehnts | Berlin School for Economics and Law

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