Saturday, January 21, 2017

Trump’s Inauguration Speech


All in all, it wasn’t a typical conservative Republican speech: it was anti-elitist, protectionist, populist, anti-globalisation, and economically nationalist.

In particular, there was the economic populism: the attack on free trade, outsourcing and the de-industrialisation of America.

I imagine this went down well with the working class and even middle class victims of these neoliberal policies.

But of course now we come to the crunch: although his rhetoric is good, Trump must deliver.

If he goes back to the disgusting, worthless free market program of the loser Republicans – of austerity, free trade, H-1B visas, Neoconservatism, and open borders – it’s all over for the Republican party and for Trump.

And maybe Trump will be a massive disappointment; or maybe he might surprise.

In any case, it’s time to give him a chance and see what happens.

Friday, January 20, 2017

My Posts on the US Recession of 1920–1921 (Updated)

The US recession of 1920–1921 is employed by Austrians and libertarians endlessly to bolster their economic theories, but careful study of this recession shows that libertarians misunderstand it badly, and that they have created a number of myths about it.

This can be seen in my updated list of posts below:
“The US Recession of 1920–1921: Some Austrian Myths,” October 23, 2010.

“There was no US Recovery in 1921 under Austrian Trade Cycle Theory!,” June 25, 2011.

“The Depression of 1920–1921: An Austrian Myth,” December 9, 2011.

“A Video on the US Recession of 1920-1921: Debunking the Libertarian Narrative,” February 5, 2012.

“The Recovery from the US Recession of 1920–1921 and Open Market Operations,” October 4, 2012.

“Rothbard on the Recession of 1920–1921,” October 6, 2012.

“The Recession of 1920–1921 versus the Depression of 1929–1933,” February 2, 2014.

“Debt Deflation: 1920–1921 versus 1929–1933,” February 3, 2014.

“US Wages in 1920–1921,” February 10, 2014.

“The Causes of the Recession of 1920–1921,” February 11, 2014.

“The ‘Depression’ of 1920–1921: The Libertarian Myth that Won’t Die,” October 31, 2014.

“US Monetary Policy and the Recession of 1920–1921,” December 5, 2014.

“Did Austrian Libertarians Read The Forgotten Depression: 1921: The Crash That Cured Itself Properly?,” March 12, 2015.
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