tag:blogger.com,1999:blog-16646992.post2047379420642194153..comments2023-10-14T23:56:22.016-10:00Comments on Reflecting Light: SmashedRick Darbyhttp://www.blogger.com/profile/02371910140619422820noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-16646992.post-8458981835374024322011-09-22T10:57:54.349-10:002011-09-22T10:57:54.349-10:00Chris,
I like your analysis very much. By compari...Chris,<br /><br />I like your analysis very much. By comparison, my posting is just shooting from the hip -- necessarily oversimplified.<br /><br />Great line from your post:<br /><br />"It should be obvious why the Keynesian big government theory has been popular with government officials since its origination in the 1930s. It lets them spend money they don’t have, as if this were some courageous and far-sighted measure, rather than a demagogue’s natural instinct."Rick Darbyhttps://www.blogger.com/profile/02371910140619422820noreply@blogger.comtag:blogger.com,1999:blog-16646992.post-39182415453038326472011-09-22T10:31:42.842-10:002011-09-22T10:31:42.842-10:00Well said all around. I believe Bernanke and the ...Well said all around. I believe Bernanke and the monetarists have the depression dead wrong. I wrote a blog about it here and I hope you find it informative.<br /><br />http://mansizedtarget.wordpress.com/2008/03/24/housing-crisis-and-the-business-cycle/Mansizedtarget.comhttps://www.blogger.com/profile/09771297143097475580noreply@blogger.com