…Calmly observing the changing world

Stephen Stanley had an interesting thought.  What makes this surprising is that he is an economist, so, no matter interesting it might seem, we can be pretty sure that it doesn’t make as much sense. He wonders, that since Keynesian theories have so completely failed in the last few years, that maybe some good will [...]

“You have no idea how bad it was… Roosevelt had to do something.” This is the answer you are likely to get if you ask someone who lived through the Great Depression what they thought of FDR’s policies. The situation was unbearable. Things needed to change and the government responded by trying things (something… anything…) [...]