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9 months ago
in Borat Brought Chaos to Runway on Daily Dose of Fantasy
the pictures of Cohen crashing the fashion show in Milan hardly look like him... judging by the aftermath, though, it looks like it was an effective marketing ploy
1 reply
ADMIN
I think he has some crazy beliefs and he does anything that supports his beliefs no matter what.
9 months ago
in Trillion Dollar Bailout Will Lead to Future Bubbles on OpenMarket.org
still, it's hard to object to the government's mass bailouts as similar debt-producing methods were put into action to bring the U.S. out of the Depression... our economy has been supported and driven by debt ever since
1 reply
HansBader
Thanks. But the whole point of my blog post was that the debt-producing methods in the Depression were part of an overall government policy that was less effective than the government simply doing nothing in the 1920-21 recession.
(It's true that World War II, which created debt, did bring the U.S. out of the Depression, but early pump-priming indebtedness during the New Deal didn't produce a lasting, or substantial, recovery, unlike the economic boom in the 1920s, which followed the 1920-21 recession, in which the government did nothing. Great Britain, which cut public employee salaries and spending during the Great Depression, actually fared better during the Depression than the U.S., which increased spending heavily during the New Deal).
(Admittedly, the Smoot-Hawley tariff and other factors like Fed policy also contributed to the Great Depression lingering).
(It's true that World War II, which created debt, did bring the U.S. out of the Depression, but early pump-priming indebtedness during the New Deal didn't produce a lasting, or substantial, recovery, unlike the economic boom in the 1920s, which followed the 1920-21 recession, in which the government did nothing. Great Britain, which cut public employee salaries and spending during the Great Depression, actually fared better during the Depression than the U.S., which increased spending heavily during the New Deal).
(Admittedly, the Smoot-Hawley tariff and other factors like Fed policy also contributed to the Great Depression lingering).
