Tag: Great Depression

1970s

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!<http://mises.org/images3/Dow65-84.gif! For some reason the 1970s don’t have a fancy label although I remember stagflation. Like the depression, it all started with the 1960s which featured massive deficit spending (to fund the Vietnam War, sound familiar) and loose monetary policy to reduce the sting of the deficit (sound familiar) but which caused a massive bubble…

Understanding the Great Depression and the 1970s

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Well how come the http://en.wikipedia.org/wiki/Great_Depression has a cool name, but the 1970s do not? Wikipedia as usual has a great analysis that includes how different countries were affect. Particularly relevant now in our interconnected world. But the causes are the big issue Causes of the Great Depression which comes down to Keynes and monetary theory…