Posts Tagged ‘Great Depression’

  • The Fed Debate

    Sep 5, 12 • 814 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What......  [read more]

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    Election Economics: More of the Jobs Story

    Sep 3, 12 • 674 Views • No Comments

    Here are some jobs facts that might be helpful when you listen to the candidates. During 1933, the unemployment rate was a cataclysmic 24.9%. Having entered office that year, FDR was re-elected in 1936 with unemployment still soaring but better at 16.9%. The......  [read more]

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    Home Economics

    May 29, 12 • 684 Views • No Comments

    What if we think of a household as a production unit that does child care, gardening, cooking and cleaning? And, if the work in the home is “outsourced” when people hire a nanny, a housekeeper, a gardener or do take-out for dinner, then the GDP reflects......  [read more]

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    Stock Market Crashes

    Aug 19, 11 • 629 Views • No Comments

    How to define a stock market crash? One economic paper has 2 suggestions: “When you see it you know it.” Look at depth and duration: A 20% drop is a crash while length can vary. Several possibilities: 1 day, 5 days, 1 month, 3 months, 1 year.......  [read more]

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    A QE2 Eulogy

    Jul 1, 11 • 867 Views • No Comments

    Although QE2 ended yesterday, eulogies for the Fed’s $600 billion bond buying program did not focus on the qualities of the deceased and why we will miss her. Yes, some did believe that things would have been much worse without QE2. But others were......  [read more]