Lessons from the Depresion of 1920-1921

[puddlemonkey]

I feel a youtube coming on...

 

[puddlemonkey]

 

[javaguru]

I'll counter you with pick3's fav song....

 

[nimbus]

read the whole post. prefer the transcripts to youtube because it's easier to skim. still thinking about what i read, good stuff, thanks for that

 

[cindylou]

Yeah, I've heard that before...ignorance is bliss.

You're welcome

 

[puddlemonkey]

I'll counter you with pick3's fav song....

game over







Tell me, when the planet was formed
Was it easy to believe there was more
Were we learning to expand and explore
Did we weather the storm?
Or get lost in the dust of disturbance and cloud
Caught in the force of the shadow of doubt
Feel the helix alive, feel it inside
So tell me how to lose the regret
The glass sits more than half empty yet
Salvation in one last cigarette
I might want to forget
Or get lost in the rush of distraction and lust
Take one little step
To the end where you must
Everything depends on a moment of trust
Come and be seen
And you’re saved from the dust
So come now and let’s settle the debt
It’s a wager I don’t want to accept
I’ll keep looking, maybe this is a test
To get up from the sloth and face what I see
In for the kill that is coming for me
All it feeds on is pleasure
All it values is crass
It’s depraved beyond measure
But it’s top of the class
Every god is a letdown
All heroes are false
So there ends the lesson
It’s a hell of a course

 

[ledhead]

Depression and recession are generally subjective, I know three plus years of negative gdp and/or 10% decrease in gdp are the generally accepted academic standards, so I chose to use the term depression as my thread title because it's more provocative.

However, if you look at the deflation of the period one could objectively call it a depression based on the deflation.; It's an issue of metrics.

There is truth to what you're saying. That is what makes The Great Depression kind of odd. It started out as DEFLATION then INFLATION then STAGFLATION, then a double dip RECESSION. All in one DEPRESSION....However, 1920-1921 I would still call a recession, but you do have a valid point.
Anyway, I enjoyed some of the videos, good thread....

 

[javaguru]

There is truth to what you're saying. That is what makes The Great Depression kind of odd. It started out as DEFLATION then INFLATION then STAGFLATION, then a double dip RECESSION. All in one DEPRESSION....However, 1920-1921 I would still call a recession, but you do have a valid point.
Anyway, I enjoyed some of the videos, good thread....

You're a smart guy for a marine....

joke...

Why can't you give a marine a five minute break?



You have to retrain him.


Sorry, I could only avoid taking a shot for so long...

I understand the need to indoctrinate assault troops, I was honored with being double slotted for Airborne and Air Assault as a freshman ROTC cadet....I wasn't compensated for either course and the black hats like to abuse cadets even though I was already an E-4... but I digress; Assault troops are trained on the premise casualties are exchanged for time. I always chuckle at the inter service rivalries and participate to a degree but it's just a method of promoting esprit de corps...which does work.

 

[kx250rider]

Sadly, there is an arrogance among the politicians (both Left and Right), that somehow we can ignore lessons of the past while still HOPE-ing to fix it all by magic.

There is a reason why some state & local governments, some companies and corporations, and some families just always seem to outsmart bad economic times. It's called DISCIPLINE and WISDOM. You don't see the State of Texas whining that it can't pay teachers and nurses, while millions of people sit home "unemployed" because nobody can afford the employment taxes and insurance costs to hire anybody. Just as there is a reason why California is broke. It's all right there in front of us, but the problem is that politicians know how to bend the facts and fool the people.

What am I talking about? It's SIMPLE: Do not borrow money to make money, and do not buy things you can't afford, and do not create a lifestyle that costs $5000/month when you make $5008/month, thinking that $8 is enough extra to cushion you in the event of job loss, injury, etc. I see multi-multi-millionaires living in small homes, and buying used cars, while keeping enough money correctly invested AND carefully stowed away and not invested, whereby an economic crash can work to their BENEFIT. Which side of that would a person want to be on? The choice is up to each individual. And how much money you make has nothing to do with it.

Why can't a struggling state simply say "WE HAVE NO WELFARE BECAUSE THERE ISN'T ANY MONEY FOR IT!" If they did THAT, in stead of taxing and fee-ing all the jobs away, there wouldn't be unemployment. There is no unemployment in a true free market. It's only when there are intrusive rules and choking taxes, that unemployment starts to rise. And Obama's "job creation" is beautiful thing to write about in his speeches, but it's like a really expensive paint job on a worn-out Ford Escort. It's going to get thin and flake off sooner or later, and the truth will show through.

Charles

 

[EnderJE]

Conceptually, I don't think that there's a problem with a freer market; but the concern is with the oligarchy that exists in the business environment right now. For example, the cell phone companies are no where near as competitive as the far east.

Sadly, there is an arrogance among the politicians (both Left and Right), that somehow we can ignore lessons of the past while still HOPE-ing to fix it all by magic.

There is a reason why some state & local governments, some companies and corporations, and some families just always seem to outsmart bad economic times. It's called DISCIPLINE and WISDOM. You don't see the State of Texas whining that it can't pay teachers and nurses, while millions of people sit home "unemployed" because nobody can afford the employment taxes and insurance costs to hire anybody. Just as there is a reason why California is broke. It's all right there in front of us, but the problem is that politicians know how to bend the facts and fool the people.

What am I talking about? It's SIMPLE: Do not borrow money to make money, and do not buy things you can't afford, and do not create a lifestyle that costs $5000/month when you make $5008/month, thinking that $8 is enough extra to cushion you in the event of job loss, injury, etc. I see multi-multi-millionaires living in small homes, and buying used cars, while keeping enough money correctly invested AND carefully stowed away and not invested, whereby an economic crash can work to their BENEFIT. Which side of that would a person want to be on? The choice is up to each individual. And how much money you make has nothing to do with it.

Why can't a struggling state simply say "WE HAVE NO WELFARE BECAUSE THERE ISN'T ANY MONEY FOR IT!" If they did THAT, in stead of taxing and fee-ing all the jobs away, there wouldn't be unemployment. There is no unemployment in a true free market. It's only when there are intrusive rules and choking taxes, that unemployment starts to rise. And Obama's "job creation" is beautiful thing to write about in his speeches, but it's like a really expensive paint job on a worn-out Ford Escort. It's going to get thin and flake off sooner or later, and the truth will show through.

Charles