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Archive for June 29, 2011

LOL: June 29, 2011

June 29, 2011 11 comments

Do I really have to explain this one?

Germany and the USA had very high unemployment rates (effectively above 30%) and social unrest when Hitler and FDR came into power- in 1933. While they both went down the Keynesian path and achieved economic recoveries, their legacies turned out to be.. different.

The point here is that in the face of severe economic downturns, such “liberal” economic policies are inevitable. You can either have a megalomaniac seize power and implement them or elect a reasonable guy to do it.

Comments?

Categories: Current Affairs, Dystopia, LOL