Message from @hqjsdbsnwa
Discord ID: 786688342305275986
what made this Depression different from the ones before, and why so
I'm not too sure
I think it was something with the Federal Reserve or Central Banks
Rothbard has some good texts on this subject, I suppose this video would be a good starting point https://www.youtube.com/watch?v=b0SW3BgwL14
Great Depression was caused directly by the failiure of government and Federal Reserve's wrong monetary policies. Even the chairman of Federal Reserve (which was the government instutiton responsible for the monetary policy of the US) Ben Bernanke acknowledged that fact. US Government, by intervening the economy, turned a recession into a crisis. American economy between 1930 and 1940 failed to add anything to its capital stock: net private invesment for that eleven year totaled minus 3.1 billion dollars. Without capital accumilation, no economy can grow. If demagoguery were a powerful means of creating prosperity, then FDR might have lifted the country out of depression in short order. But in 1939, ten years after its onset and six years after the commencement of the New Deal, 17.2 percent of the US labor force, officialy, remained unemployed. So in short New Deal didn't heal anything it only worsened and prolonged the situation.
Well said
thnx
;sell
;fish
What do you guys think about Localism incorporated with Anarcho-Capitalism?
Good
Read rothbard
you're just delusional if you think the green new deal worsened the great depression
Green new deal?
New deal,idk I haven't read the thing but it wouldn't surprise me
What's the main argument against the so called success of Anarcho-Communist Barcelona?
They were in 1938 or 39
Oh that
and apparently it's the biggest success of communism/anarcho-communsim
Hahhahahahahhaha
but it only lasted like 6 months
Hahahhahaahahahahaa
If thats their biggest success they should just shoot themselves in their heads
well to be fair it wasn't absolute misery for people
so I am just curious to what the main argument is besides lasting for 6 months
I'd have to study it more
Like get really deep and see all the aspects of it
They raped nuns
but what did they do that was bad?
raping nuns
but like what's the bad stuff they did
They Were Kangz n sheeeeit
Lmao
Lol
Any Eco-nationalists here?
hippie faggot