The Great Depression, Make-work, Psychology, and Economics.

January 14, 2009

I’m sure if you’ve been watching the talking heads on TV, you’re probably getting your fair share of Great Depression hysteria.  The thing that advances the story is that we’re slipping into the next Great Depression.  It’s a load of crap.

So, let’s talk about the Great Depression.

What most people fail to understand is that there were two key things that drove the Great Depression: the European fall-out from WWI, and the Dust Bowl.  They also fail to understand that it wasn’t the policies of Franklin Roosevelt that got us out of the Great Depression.

Read the rest of this entry »


This Is Not the Start of a New Great Depression.

October 3, 2008

Chicken Little has added an amplifier to his sound system in recent days.  There’s lots of talk that we’re sliding into a new Great Depression, because of the current financial tumult.  Yes, the start of the Great Depression is eerily similar to what’s going on now.  But the financial collapse in 1929 wasn’t what really caused the Great Depression en toto.

There were several factors, one of which – and perhaps the biggest hit America took – is generally overlooked.

Read the rest of this entry »

Leave It To Joe Biden!

September 24, 2008

You can’t make this stuff up!

Joe Biden is now ripping his own campaign’s advertising tactics.  The sad fact of the matter is, he’s right.  But you just have to wonder where in the hell his brain is sometimes.

Here’s the story:

Read the rest of this entry »