Re: Tutti i debiti possono essere ripagati?

Inviato da  Paxtibi il 21/2/2008 1:17:09

Part of the problem is intellectual. In the Great Depression, for example, people observed that banks were failing and immediately concluded that the problem was not enough liquidity. They observed that consumers were not spending and assumed they needed more money. They observed that businesses were having their credit lines cut and thought that more credit was needed.

As Murray Rothbard has shown, this was the path chosen by both Hoover and FDR in the early years of the Great Depression. And though it did not work, the inflationist remedy remained the policy response of first resort. In every case, the solution is the same: plug in the printing presses and let them perform their magic. Alan Greenspan, for example, has the reputation of an inflation hawk but consider that he has turned to the printing presses in every crisis that has come about during his tenure.

What is unseen is the hidden cause of the crisis, which is in the past. It is the expansion of money and credit that leads to imbalances that eventually turn booms to busts. What people have done in concluding otherwise is to confuse cause and effect, something akin to concluding that puddles of water on the ground are causing it to rain. To carry the analogy further, these same people might attempt to drain all puddles as a way of stopping the rain. We can laugh at such absurdities, but such fallacies are a common strain among social scientists trying to understand the business cycle.
(What Made the Next Depression Worse)

Con le "analisi economiche" di disinformazione.it ci possiamo fare, forse, la birra.
Con le politiche keynesiane, i buchi per terra.