Thank you Venezuela

[notyoueither]

Hey!!!

Thank you Great Depression for reminding us what a market economy is like.

LOL

It's about the only time the standard of living in the Soviet Union came close to that in the West, so yeah it's a pretty good reminder.

[Zevico]

Hey!!!

Thank you Great Depression for reminding us what massive government interventions by the American government are like.

LOL

Fixed.

[dannubis]

No you didn't.

[Zevico]

No you didn't.

Why do you feel the need to respond to a right wing chicken hawk who only cares about Israel?

Incidentally, what does this thread have to do with Israel?

[dannubis]

I don't know, you brought it up.

[Zevico]

I don't know, you brought it up.

I think Israel would benefit from free market policies. We good now?

[dannubis]

No, because you're still a chickenhawk.

[Felch]

It's about the only time the standard of living in the Soviet Union came close to that in the West, so yeah it's a pretty good reminder.

You can count on Stalin to make something even worse than a Great Depression.

[dannubis]

Or on Mao for that matter.

[Fake Boris]

It's about the only time the standard of living in the Soviet Union came close to that in the West, so yeah it's a pretty good reminder.

Yes, it's a good reminder of the benefits of planning against cyclical downturns.

[Dinner]

It's a shame the new President seems powerless to change anything. Simply lifting/eliminating price controls would allow the economy to once again start to function yet given that he's only in power because Chavez picked him it's clear he's a space holder who lacks the power (or will) to change anything. In fact any changes he makes would only delegitimize him with the old Chavez base.

I love how the nay sayers are claiming any sort of government planning at all = the exact same thing as communism with total government control of everything. It's like they don't understand there is a whole spectrum out there.

[snoopy369]

How about 'the new president was picked by Chavez because he wants to run things how Chavez would'?

[giblets]

Yes, it's a good reminder of the benefits of planning against cyclical downturns.

Good thing the New Deal was able to bring a rapid end to the Great Depression

[Ogie Oglethorpe]

Seems as good a place as any to post. Entire world economy collapses in a bout of hyperinflation. Won't someone think of poor Tristam.

http://www.zerohedge.com/news/2013-05-21/diablo-3-case-virtual-hyperinflation

[notyoueither]

Yes, it's a good reminder of the benefits of planning against cyclical downturns.

There's a world of difference between attempts to blunt the impact of slowdowns on individuals and society (a good thing) and attempts to centrally plan production and consumption across the board (a bad thing).