> On Thu, 14 Feb 2008 20:04:07 -0500, Les Cargill cfl.rr.com>
> wrote:
>

>> stuff_stuff@comcast.net wrote:

>>> On Thu, 14 Feb 2008 16:05:44 -0800 (PST), raylopez99
>>> yahoo.com> wrote:
>>>

>>>> On Feb 13, 8:35 am, Vide...@tcq.net wrote:

>>>>> read keynes.
>>>>>

>>>> That's lame. It's like saying "Google it". I read Keynes--he said
>>>> his sh it don't work except extremely short term. But he's wrong.
>>>> It's never worked. THe world came out of depression not due to
>>>> deficit spending by governments but due to WWII increasing demand.

>>> That's a very common misperception.
>>>
>>>
>>> Two. The depression ended long before the war. It was a series of
>>> recessions. The first went from Aug. 1929 to March 1933. This was the ...

> On Thu, 14 Feb 2008 22:27:04 -0500, Les Cargill cfl.rr.com>
> wrote:
>

>> stuff_stuff@comcast.net wrote:

>>> On Thu, 14 Feb 2008 20:04:07 -0500, Les Cargill cfl.rr.com>
>>> wrote:
>>>

>>>> stuff_stuff@comcast.net wrote:

>>>>> On Thu, 14 Feb 2008 16:05:44 -0800 (PST), raylopez99
>>>>> yahoo.com> wrote:
>>>>>

>>>>>> On Feb 13, 8:35 am, Vide...@tcq.net wrote:

>>>>>>> read keynes.
>>>>>>>

>>>>>> That's lame. It's like saying "Google it". I read Keynes--he said
>>>>>> his sh it don't work except extremely short term. But he's wrong.
>>>>>> It's never worked. THe world came out of depression not due to
>>>>>> deficit spending by governments but due to WWII increasing demand.

>>>>> That's a very common misperception. ...

> On Thu, 14 Feb 2008 19:51:21 -0800, stuff_stuff@comcast.net wrote:

>
> I wanted to mention Les you are of course quite right about the
> employment issues and those were greatly aided by WWII.
>

>
> On Feb 13, 10:40 pm, "Marcello" nospam.com> wrote:

>> tcq.net> wrote in message
>>
>> news:2d5456f6-3077-40d5-bcc2-8d9aea2545cf@m34g2000hsf.googlegroups.com...
>>
>>
>>

>>> lets try this one more time. the fed had nothing to do with the
>>> current over extension of credit. the mortgage brokers were not part
>>> of the fed. the brokers were in almost all cases, unregulated by the

>>
>> Do you understand how the central banking system works?

>
> yes.
>
> The reasons these

>> loans exist is the Fed's willingness to permit loans from banks as a ...

> On Feb 14, 8:53 am, "Andy F." tesco.net> wrote:

>> "Marcello" nospam.com> wrote in message
>>
>> news:GCPsj.14762$QJ3.11440@newsfe07.phx...
>>
>>
>>
>>
>>

>>> tcq.net> wrote in message
>>>news:2d5456f6-3077-40d5-bcc2-8d9aea2545cf@m34g2000hsf.googlegroups.com...

>>

>>>> lets try this one more time. the fed had nothing to do with the
>>>> current over extension of credit. the mortgage brokers were not part
>>>> of the fed. the brokers were in almost all cases, unregulated by the

>>

>>> Do you understand how the central banking system works? The reasons
>>> these ...

> On Thu, 14 Feb 2008 23:19:13 -0500, Les Cargill cfl.rr.com>
> wrote:
>

>>> Tax Federal GNP Unemp.
>>> Year Receipts Spending Growth Rate
>>> -------------------------------------------------
>>> 1929 -- -- -- 3.2%% < Hoover era, Great
>>> Depression begins
>>> 1930 4.2%% 3.4%% - 9.4%% 8.7
>>> 1931 3.7 4.3 - 8.5 15.9
>>> 1932 2.9 7.0 -13.4 23.6
>>> 1933 3.5 8.1 - 2.1 24.9 < FDR, New Deal begins;
>>> contraction ends March
>>> 1934 4.9 10.8 + 7.7 21.7
>>> 1935 5.3 9.3 + 8.1 20.1
>>> 1936 5.1 10.6 +14.1 16.9
>>> 1937 6.2 8.7 + 5.0 14.3 < recession begins, May
>>> 1938 7.7 7.8 - 4.5 19.0 < recession ends, June
>>> 1939 7.2 10.4 + 7.9 17.2 ...

> tcq.net> wrote in message
>
> news:e01ffb6d-300b-40a4-a33e-18bb5fbbbd3a@z17g2000hsg.googlegroups.com...
>
>
>
>
>

>> On Feb 13, 10:40 pm, "Marcello" nospam.com> wrote:

>>> tcq.net> wrote in message

>

>>>news:2d5456f6-3077-40d5-bcc2-8d9aea2545cf@m34g2000hsf.googlegroups.com...

>

>>>> lets try this one more time. the fed had nothing to do with the
>>>> current over extension of credit. the mortgage brokers were not part
>>>> of the fed. the brokers were in almost all cases, unregulated by the

>

>>> Do you understand how the central banking system works?

> ...

>>
>> I agree, but the point was in a free market, there would be pressures to
>> have solid monetary policy, meaning competing currencies would pressure
>> other currencies to interact with solid monetary policy else become
>> worthless.

>
> that is a assumption.

>
> tcq.net> wrote in message
> news:e01ffb6d-300b-40a4-a33e-18bb5fbbbd3a@z17g2000hsg.googlegroups.com...

>>
>> On Feb 13, 10:40 pm, "Marcello" nospam.com> wrote:

>>> tcq.net> wrote in message
>>>
>>> news:2d5456f6-3077-40d5-bcc2-8d9aea2545cf@m34g2000hsf.googlegroups.com...
>>>
>>>
>>>

>>>> lets try this one more time. the fed had nothing to do with the
>>>> current over extension of credit. the mortgage brokers were not part
>>>> of the fed. the brokers were in almost all cases, unregulated by the

>>>
>>> Do you understand how the central banking system works?

>>
>> yes. ...

> On Thu, 14 Feb 2008 16:05:44 -0800 (PST), raylopez99
>
> yahoo.com> wrote:
>  THe world came out of depression not due to

>>deficit spending by governments but due to WWII increasing demand.

>
> That's a very common misperception.
>

> Two. The depression ended long before the war. It was a series of
> recessions. The first went from Aug. 1929 to March 1933. This was the
> big one. Note FDR took office in March 4, 1933, so this one was over
> before he really got started. There was a second recession May 1937 to
> June 1938. But the US did not enter the war until Dec. 1941.
>
> There wasn't another recession till Feb. 1945 to October 1945.http://www.nber.org/cycles/cyclesmain.html