So austerity is reducing the government which you say happened in the 1920s. The money supply has nothing to do with austerity. Keynes theory is to increase the size of government. Yet you are still blaming Keynes for increase in the money supply? You are all over the place. Just making shit up as you go. Kind of hilarious.
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
ointer:---------------------------------------------------------------------------------------------------------------
"From 1921 to 1929 the US money supply increased by 61 percent. In Europe the fast money supply was exacerbated by the massive German compensations for war damages. English repayment of war loans inflated the US money supply even further. As a consequence inflationary pressures increasingly built up in Europe as well as in the U.S."
"Between 1928 and 1929, the easy access to cheap credit caused reckless speculation on stock markets and on assets in general. Prices gradually inflated to an unsustainable asset bubble. In the 30 months from March 1926 to September 1929 the Dow Jones rose 230% from 166 to 381. A correction had become inevitable, but turned into a severe crash due to [SIZE=-1]calamitous government intervention."
[/SIZE]
Face it troll, you have no idea what you're arguing or believe anymore.
You've been beclowned - AGAIN!
Loser!@#0
Originally Posted by akphidelt
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
---------------------------------------------------------------------------------------------------------------
"From 1921 to 1929 the US money supply increased by 61 percent. In Europe the fast money supply was exacerbated by the massive German compensations for war damages. English repayment of war loans inflated the US money supply even further. As a consequence inflationary pressures increasingly built up in Europe as well as in the U.S."
"Between 1928 and 1929, the easy access to cheap credit caused reckless speculation on stock markets and on assets in general. Prices gradually inflated to an unsustainable asset bubble. In the 30 months from March 1926 to September 1929 the Dow Jones rose 230% from 166 to 381. A correction had become inevitable, but turned into a severe crash due to [SIZE=-1]calamitous government intervention."
[/SIZE]
Face it, you have no idea what you're arguing or believe anymore.
You've been beclowned - AGAIN!
Loser!@#0
So were the 20s good or bad. Before you said they were great because of austerity. Now you're saying they were bad because of Keynes. Which is it, lol. You just make shit up, it's hilarious watching you dance like a puppet.
They were great because of austerity - the data doesn't lie, only liberals do.
But austerity didn't cause the stock market crash (The Great Depression), increasing the money supply and artificially cheap credit did that (policies you advocate) just like the Fed and Big Government were principally responsible for the housing bubble which nearly crashed the economy - again!
----------------------------------------------------------------------------------------------
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
ointer:---------------------------------------------------------------------------------------------------------------
"From 1921 to 1929 the US money supply increased by 61 percent. In Europe the fast money supply was exacerbated by the massive German compensations for war damages. English repayment of war loans inflated the US money supply even further. As a consequence inflationary pressures increasingly built up in Europe as well as in the U.S."
"Between 1928 and 1929, the easy access to cheap credit caused reckless speculation on stock markets and on assets in general. Prices gradually inflated to an unsustainable asset bubble. In the 30 months from March 1926 to September 1929 the Dow Jones rose 230% from 166 to 381. A correction had become inevitable, but turned into a severe crash due to [SIZE=-1]calamitous government intervention."
[/SIZE]
They were great because of austerity - the data doesn't lie, only liberals do.
But austerity didn't cause the stock market crash (The Great Depression), increasing the money supply and artificially cheap credit did that (policies you advocate) just like the Fed and Big Government were principally responsible for the housing bubble which nearly crashed the economy - again!
----------------------------------------------------------------------------------------------
Originally Posted by akphidelt
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
---------------------------------------------------------------------------------------------------------------
"From 1921 to 1929 the US money supply increased by 61 percent. In Europe the fast money supply was exacerbated by the massive German compensations for war damages. English repayment of war loans inflated the US money supply even further. As a consequence inflationary pressures increasingly built up in Europe as well as in the U.S."
"Between 1928 and 1929, the easy access to cheap credit caused reckless speculation on stock markets and on assets in general. Prices gradually inflated to an unsustainable asset bubble. In the 30 months from March 1926 to September 1929 the Dow Jones rose 230% from 166 to 381. A correction had become inevitable, but turned into a severe crash due to [SIZE=-1]calamitous government intervention."
[/SIZE]
So why are you laughing at my comment that the 20s were great if you think they were great? Lol. You just spin things like crazy and have no clue what you are talking about. Just a really obsessed and retarded person.
Because you're a 'progressive' loon who believes government spending (not austerity - the Coolidge era) and Bernie Madoff economics (socially-engineered bubbles) create lasting prosperity!
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
ointer:
You're too dumb to even understand a simple quote. You notice how it says "after". You still won't understand it though. Real life retard, lol.Because you're a 'progressive' loon who believes government spending (not austerity - the Coolidge era) and Bernie Madoff economics (socially-engineered bubbles) create lasting prosperity!
Originally Posted by akphidelt
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
Yes, "after" the government increased the money supply by 61% another artificial unsustainable bubble was formed, which destabilized and ultimately crashed the market. Thanks for that history lesson by the way.
"I will reiterate this one more time. The reason why you guys have such a difficult time understand economics and our monetary system is everything you believe is based on the view through the eyes of the private sector. Until you understand banking, you will never understand what I'm talking about. I have no hope for you guys, hopefully the future generations will become more intelligent and understand this."
What the troll really means is:
"I will reiterate one more time. Hopefully more gullible young minds like mine will sign onto the free lunch fallacy so we can finally create Utopia!"
:ears:
Yes, "after" the government increased the money supply by 61% another artificial unsustainable bubble was formed, which destabilized and ultimately crashed the market. Thanks for that history lesson by the way.
Originally Posted by akphidelt
"I will reiterate this one more time. The reason why you guys have such a difficult time understand economics and our monetary system is everything you believe is based on the view through the eyes of the private sector. Until you understand banking, you will never understand what I'm talking about. I have no hope for you guys, hopefully the future generations will become more intelligent and understand this."
What the troll really means is:
"I will reiterate one more time. Hopefully more gullible young minds like mine will sign onto the free lunch fallacy so we can finally create Utopia!"
:ears:
Lol, first off 20 is after 19. Second off how did the Govt increase the money supply by 61% if there was austerity? You are just making shit up. You are that dumb.
It's not my job to teach you rudimentary economics. Everyone knows you're too far gone for that.
We're just laughing at you troll.
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
"Obama's handling of the recession was the epitome of perfection"
"Printing money creates wealth"
"The govt borrows money from the big bank in the sky"
"The stimulus worked"
"smart people think like me"
"I am very , VERY educated"
ointer:It's not my job to teach you rudimentary economics. Everyone knows you're too far gone for that.
We're just laughing at you troll.
Originally Posted by akphidelt
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
"Obama's handling of the recession was the epitome of perfection"
"Printing money creates wealth"
"The govt borrows money from the big bank in the sky"
"The stimulus worked"
"smart people think like me"
"I am very , VERY educated"
Thanks for keeping a list of my accurate quotes. Much appreciated!!
It's not my job to teach you rudimentary economics. Everyone knows you're too far gone for that.
We're just laughing at you troll.
Originally Posted by akphidelt
"1920s were another example of just how awesome life is after the government greatly expands the money supply."
"Obama's handling of the recession was the epitome of perfection"
"Printing money creates wealth"
"The govt borrows money from the big bank in the sky"
"The stimulus worked"
"smart people think like me"
"I am very , VERY educated"
You forgot about the troll's dumb-ass quote about how he trusts big government, because those are the trust-worthy people in society.
"The US is not Greece!"
"Obama is one of the cleanest presidents ever!"
"97% of economists think like me!"
"93% of scientists say Gorebull Warming™ is real!"
"You'd faint if you saw my W-2!"
18K posts and I have yet to read anything substantive or meaningful from the "very, VERY educated" clown.
they are pretty slick with the shrinking of the middle class and the gutting of city pensions, real estate markets, anywhere theres a pile of money they will get to it. keep trusting your banks. keep hoarding you gold. its only worth something if you can sell it. i hope you guys learn to forage because they are gonna shut off the electricity some day and you bitcoins will be worthless. as soon as they have enough drones built it wont matter how many guns you hillbillies have
