February 20, 2020

THE WAR ENDED IN 1776:

The movement to replace neoliberalism has lost a battle, but we can still win the war (Antonia Jennings, 20 February 2020, Project Syndicate)

We refer to it as the "Great Depression" because, after the Crash, Hoover and FDR tried to revive the economy by creating massive government programs, in line with classic Left thinking, which did nothing for an economy that was only saved by WWII.  We refer to the credit crisis because W, Ben and the UR used massive infusions of capital to make the recession brief and produced an unprecedented boom afterwards.  


Posted by at February 20, 2020 8:33 AM

  

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