Message from @chad

Discord ID: 546571937103609858


2019-02-17 01:49:47 UTC  

no i created that

2019-02-17 01:49:51 UTC  

Oh

2019-02-17 01:50:00 UTC  

i think it's accurate

2019-02-17 01:50:27 UTC  

tbh georgia should be full red that's a mistake

2019-02-17 01:50:32 UTC  

Mine is Dem Vermont, Maryland, Hawaii, DC, CA and that’s it

2019-02-17 01:50:40 UTC  

CA is full of hollywood

2019-02-17 01:50:47 UTC  

id think it swing very very close to trump

2019-02-17 01:50:50 UTC  

Ha that’s basically yours

2019-02-17 01:50:58 UTC  

like less than 100k difference

2019-02-17 01:51:33 UTC  

we were close though only ca difference

2019-02-17 01:52:20 UTC  

i think in 2016 trump won cause people who were debating were afraid of clinton and wanted an idiot instead

2019-02-17 01:52:34 UTC  

from an undecided perspective

2019-02-17 01:54:53 UTC  

this will be some weird future shit

2019-02-17 01:54:56 UTC  

https://cdn.discordapp.com/attachments/418667927169138688/546509827954835466/image0.png

2019-02-17 01:55:17 UTC  

closest election ever

2019-02-17 02:29:17 UTC  

What are the places that are the most libertarian?

2019-02-17 02:29:19 UTC  

In America

2019-02-17 02:31:41 UTC  

Probably northern states

2019-02-17 06:01:21 UTC  

Alabama going blue?

2019-02-17 06:01:31 UTC  

Washington going red?

2019-02-17 06:01:44 UTC  

Alaska blue?

2019-02-17 06:02:07 UTC  

New York red?

2019-02-17 06:06:30 UTC  

A third party?

2019-02-17 06:26:10 UTC  

Alaska won’t go blue

2019-02-17 12:54:11 UTC  

@Leo (BillNyeLand) Alaska Texas Wyoming Montana North/South Dakota Minnesota Idaho

2019-02-17 19:26:10 UTC  

@Leo (BillNyeLand) It appears the "long depression" never actually happend

2019-02-17 19:26:20 UTC  

"Orthodox economic historians have long complained about the "great depression" that is supposed to have struck the United States in the panic of 1873 and lasted for an unprecedented six years, until 1879. Much of the stagnation is supposed to have been caused by a monetary contraction leading to the resumption of specie payments in 1879. Yet what sort of "depression" is it which saw an extraordinarily large expansion of industry, of railroads, of physical output, of net national product, or real per capita income [emphasis mine]? As Friedman and Schwartz admit, the decade from 1869 to 1879 saw a 3-percent per-annum increase in money national product, an outstanding real national product growth of 6.8 percent per year in this period, and a phenomenal rise of 4.5 percent per year in real product per capita."

2019-02-17 19:26:28 UTC  

"It should be clear, then, that the "great depression" of the 1870s is merely a myth – a myth brought about by misinterpretation of the fact that prices in general fell sharply during the entire period. Indeed they fell from the end of the Civil War until 1879. … Unfortunately most historians and economists are conditioned to believe that steadily fall prices must [emphasis original] result in depression: hence amazement at the obvious prosperity and economic growth during this era.
"

2019-02-17 19:26:42 UTC  

Deflation happening =/= economic downturn, deflation is a good thing aswell.

2019-02-17 19:26:50 UTC  

I wonder if it's the case for the other panics in that century.

2019-02-17 19:34:12 UTC  

And I've found it, yes it was. Older analysts relied on deflation being an effect of a depression or such

2019-02-17 19:37:19 UTC  

It seems the panics or recessions before the FED were much less severe and less common.

2019-02-17 19:46:49 UTC  

Neato

2019-02-17 20:18:53 UTC  

nice

2019-02-17 23:34:53 UTC  

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ I strongly disagree.

2019-02-17 23:35:13 UTC  

The Fed was 1913

https://cdn.discordapp.com/attachments/418667927169138688/546837053954850826/image0.png

2019-02-17 23:35:27 UTC  

https://cdn.discordapp.com/attachments/418667927169138688/546837111593107456/image0.png

2019-02-17 23:36:17 UTC  

In the 1800s free-banking era, booms were boomier, crashes were crashier, and generally growth was a lot more variable.

2019-02-17 23:37:40 UTC  

Indeed, the common interval of 3-4 years between recessions in the 1800s and 1900s has since evolved into a 7-10 year interval between recessions since the 1980s.

2019-02-17 23:38:17 UTC  

You can attribute this to what you want, but this goes very much against your claim that “It seems the panics or recessions before the FED were much less severe and less common.”