tag:blogger.com,1999:blog-3758330678390419129.post985870068008956121..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Financial Times Reporter Triggers the President of the Bundesbank Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-58588223260191953382018-02-26T13:21:56.081-05:002018-02-26T13:21:56.081-05:00I guess I missed that specific bit of information ...I guess I missed that specific bit of information although I was aware generally of the big increase in the money supply throughout the decade. I think it is essential to point out:<br /><br />a) The 1920 depression was triggered by cutting the spending and money growth that had sustained the WWI military effort; <br /><br />b) There could have been no military effort without the Fed money Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40565375166542990392018-02-25T19:06:22.190-05:002018-02-25T19:06:22.190-05:00But Krugman is correct when he writes that in 1921...But Krugman is correct when he writes that in 1921 "there was substantial monetary easing."<br /><br />There is confusion about this amongst some Austrians as I have written about several times. They misread Rothbard:<br /><br />https://epj.cloud/2oqs3LVRobert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6572926310789456242018-02-25T16:31:03.363-05:002018-02-25T16:31:03.363-05:00What spawned Kuehn's paper was the absence of ...What spawned Kuehn's paper was the absence of the mention of Woodrow Wilson in a short article that Tom Woods did on the 1920 depression for The American Conservative in 2009 or . However, prior to doing that short article, I heard him repeatedly joke about Wilson's "stroke of luck", Wilson's debilitating stroke which allowed his aids to slash spending and money growth thatBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47232572866246260792018-02-25T14:46:33.179-05:002018-02-25T14:46:33.179-05:00I think the biggest failure of the Austrians is th...I think the biggest failure of the Austrians is the failure to get average people to understand that inflation is a purposeful government program. There is no reason we can’t do that. Further, nothing good is going to happen until this simple idea dawns on a significant portion of the public.<br /><br />The second biggest failure is to not pound the proposition that the free market does not and Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com