Message from @Woodmill
Discord ID: 684856307030818851
676447143531380738
It was a moral judgement, not a statement of intent
Deleted User10/02/2020
I would absolutely execute her given the chance. We’re in a fight for our lives here and people like her are lining up on the wrong side
Deleted User10/02/2020
I would kill her with a smile on my face. She absolutely deserves the rope.
That’s a statement of policy
X_x
Your account got deleted
Obviously I would never threaten anyone
It never got revised
You never apologized either
Must be thinking of someone else then
Even the mods agreed it was completely out of place, even Vlad
Where is Vlad?
Are we discussong economic issues? Cause I don't fucking think so
Vlad left because he was sick of you
Lol
But back to the issue at hand
"statement of policy"
@Woodmill Do you think the gold standard prolonged the Great Depression by preventing the Federal Reserve from expanding the money supply?
Haha
Good q
You guys know Sophie tried to ban me before while in a conversation she wasn't even in
And when that failed, she muted me instead
"Was just a joke"
Can we drop it please
Leave the infighting to the far left
And alt right
The new deal was a driving reason why the great depression persisted, i.e it increased the recovery time.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Ah, the Austrian perspective
Well I would say it's mainstream accepted now
I would check this paper
https://www.minneapolisfed.org/research/wp/wp597.pdf
> There are two striking aspects of the recovery from the Great Depression in the United States: the recovery was very weak and real wages in several sectors rose significantly above trend. These data contrast sharply with neoclassical theory, which predicts a strong recovery with low real wages. We evaluate the contribution of New Deal cartelization policies designed to limit competition and increase labor bargaining power to the persistence of the Depression. We develop a model of the bargaining process between labor and firms that occurred with these policies, and embed that model within a multi-sector dynamic general equilibrium model. We find that New Deal cartelization policies are an important factor in accounting for the post-1933 Depression. We also find that the key depressing element of New Deal policies was not collusion per se, but rather the link between paying high wages and collusion.
More than it used to be for sure
Yeah
That’s pretty widely discredited, even in Chicago circles people accept Keynesian economics were required to correct demand side failures
"Keynesian economics"?
Yes, are you familiar?
I mean it's a wide term, there's not so much something called "Keynesian economics" anymore.
Anyways, the paper above.
> We find that New Deal cartelization policies are an important factor in accounting for the post-1933 Depression
That’s not accurate, do you have a question about what Keynesian economics refers to with regard to the Great Depression?