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ex_lost_kit in ontd_political

(Untitled)

Feb 02, 2009 10:26

How Government Prolonged the Depression
Policies that decreased competition in product and labor markets were especially destructive.By HAROLD L. COLE and LEE E. OHANIAN ( Read more... )

history, new deal

Comments 75

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sinthrex February 2 2009, 17:15:47 UTC

You know, that bunny was there for a reason.

Rabbit is good, rabbit is wise. Listen to rabbit.

sirdrakesheir February 3 2009, 04:26:52 UTC

So cute.

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ex_lost_kit February 2 2009, 16:02:45 UTC

Keep in mind that anti-trust applies to unions too. Legislation like that NRA purposely set up unionized industry cartels.

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ex_lost_kit February 2 2009, 16:09:55 UTC

No one says that Obama is trying to bring back the NRA.

What you do see a lot of is sloppy "we need stimulus because the New Deal beat the Depression" rhetoric. It's worth refuting.

Thread 23

shibato February 2 2009, 16:02:00 UTC

More people who just need to take a history course, obviously!

OP, not sure of your intent. Clarify?

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schonste February 2 2009, 16:31:21 UTC

OHH IT IS ALL SO CLEAR TO ME NOW

Also I herrrd that if you read about Germany in the late 1920s Obama sounds A LOT LIKE A SUPER CHARISMATIC LEADER WHO WAS ALSO BORN OUTSIDE OF THE COUNTRY amirite amirite

faerieglen February 2 2009, 17:16:09 UTC

You won't believe how many Germans are making that comparison, too. It's really depressing. That's why we'll never, ever have nice things a truly charismatic politician over here again.
(Well, there's one guy who is trying (and failing) to emulate some Obama spirit, but having the dumbest-sounding name in history and looking like Harry Potter's nerd brother doesn't really help...)

Thread 12

missmurchison February 2 2009, 16:14:16 UTC

More posters here need to read Krugman's rebuttals to this argument.

ex_lost_kit February 2 2009, 16:16:16 UTC

And then they need to read the rebuttals to Krugman, right?

sinthrex February 2 2009, 16:22:12 UTC

Not unless they intend on reading rebuttals to rebuttals, which might be asking a bit much of someone with a day job.

ex_lost_kit February 2 2009, 16:25:11 UTC

Yeah, we should just stop reading when we find someone who agrees with us. Give ourselves a nice pat on the back, stretch lazily, then go watch some teevee.

Thread 7

nothingmuch February 2 2009, 16:40:23 UTC

More people who just need to take a history course, obviously!

No serious historian would argue that the New Deal prolonged the Great Depression.

http://delong.typepad.com/sdj/2007/01/the_new_deal_an.html

ex_lost_kit February 2 2009, 16:43:16 UTC

Too bad the DeLong is neither an economic historian, and probably the most explicitly partisan hack~y economist out there with influence.

sinthrex February 2 2009, 16:52:20 UTC

So from this we determine:

Credentials aren't sufficient, they need to be the _right_ credentials.

Partisan economists are unworthy of consideration unless they are named Cole and Ohanian today.

Obviously DeLong needs to take a history or economics course.

I think I've heard this somewhere before.

ex_lost_kit February 2 2009, 16:56:05 UTC

No, I think the point is more that DeLong throws around dismissive rhetoric so often that we shouldn't take his opinions on what "serious historians" think any more seriously than we'd take Ann Coulter's opinion on what "serious politicians" think. I'm mostly speaking to his rhetoric which is, as usual, intemperate and dismissive.

Thread 15