[LMB] OT: Governor’s Orders
ravenclaweric at gmail.com
Wed Nov 18 01:34:03 GMT 2020
My parents lived through the Depression and World War II (they said it was
excellent preparation for parenthood) and liked pointing out that our
prosperity post-1945 might have had something to do with potential
competition either not yet having got started or still digging out from
under the rubble of the war.
ObBujold: This makes me wonder---does Barrayar have an advantage over
other planets in manufacturing because they started late and got newer
factories? That was part of why Japan did so well after World War
II---their factories were new and state-of-the art, unlike a lot of ours.
On Tue, Nov 17, 2020 at 4:10 PM Louann Miller <domelouann at gmail.com> wrote:
> Although the government creating money out of thin air can be done well or
> badly. Examples of doing it badly are plentiful. If you've read
> "Extraordinary Popular Delusions and the Madness of Crowds," the example of
> John Law introducing paper currency to France a couple of generations
> before the Revolution is very entertaining.
> Examples of doing it well are rarer, but it does happen. FDR taxed and
> spent his way through the Depression and World War II, and (tongue in
> cheek) the US economy in the 1950s seemed to recover from this horrible
> blow all right.
> As a side note, I encourage everyone to read "Extraordinary Popular
> Delusions and the Madness of Crowds."
> On Tue, Nov 17, 2020 at 3:45 PM Marc Wilson <marc.wilson at gmx.co.uk> wrote:
> > On Tue, 17 Nov 2020 14:30:47 -0600, Eric Oppen <ravenclaweric at gmail.com>
> > wrote:
> > >Do people really think that the government can just magically make money
> > >appear?
> > That's exactly what they can do. What they can't do, is do it with no
> > consequences.
> > --
> > "Computer models cannot be fooled by an arrow diagram backed by a
> > rhetorically compelling word salad." - George von Dassow and Eli Meir
> > --
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