Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
George died before the panics and depressions that informed Wall St. panics around WWI. George may be said to be intimate with macro-factors culminating in the "Long Depression" of '74 which didn't end in '79, really, but paused until, like, '93 according to the NBER retrospective. The peak of his political career, shortly before his DEATH, coincided therefore with the first wave of R&R IPOs, ore mining and processing (Rockefellers totally bogarted oil spec: QED), and federal west'ho homestead financing pf the '80s ostensibly to relieve abject poverty of the NE corridor industrial economy and which had, like, nothing to do with much post-WWI, post-1921 Panic Florida resort RE speculation.

Other very important fin de siècle commodities bubbles (besides R&R right of way) were electricity and telecom utilites corps --unbelievable boom in true and fraudulent bond and equity sales. Total break out in marketing "investment=savings" to widows and orphans -- implicating the business acumen of such giants of innovation as Edison, Tesla, Ponzi, and Insull.

Tell you what: If I gave a damn, I'd investigate the preposterous wiki article List of recessions in the United Kingdom instead of picking US gristle. Keynes after all is a revered personnage of socialist philosophy and economic theory and I would bet a wooden US nickle there are lurkers who'd like to know, How the hell did Keynes and his antecedents prevent industrial catastrophe in the UK until 1933, when he had to move to the U.S.

Diversity is the key to economic and political evolution.

by Cat on Sat Jul 17th, 2010 at 04:22:50 PM EST
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