Quote:
Originally Posted by fredinno
And the reason for hyperinflation is null, becuase that wasn't my point. Same with 1929. My point is the effects of private vs public collapse, and public collapse is much more dangerous.
But we really need to stop, this is the wrong place to do this.
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We will cease this exchange but keep in mind the weakness of your analysis (re: that the Great Depression/private sector didn't cause a war) because it did and was actually the cause of World War II as Hitler used GOVERNMENT (military) spending to jump start a moribund German economy that (by the 1930's) had long reversed the hyperinflationary experiences of the early 1920's (given the DEPRESSIONARY realities of the 1930's when many Germans were unemployed). See following link for the stagflationary impact of Wall Street banking and business/trade policies-e.g. via the Smoot-Hawley Act etc.-on Germany:
http://alphahistory.com/weimarrepublic/great-depression/
End of lecture!
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