Thursday, March 21, 2019

Stunningly Useless

"One can only marvel at how stunningly worthless the German Social Democrats were during the last years of the Weimar Republic in Germany, in that they shunned the only real economic policy that could have rapidly ended the Great Depression. A similar state of affairs occurred in Britain, where the British Labour party endorsed Neoclassical austerity and also shunned Keynesian policies to end the Great Depression in Britain."

from here: Proto-Keynesians in the Last Years of Weimar Republic Germany






A song: Step Right Up

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