Metatarso
Forumer storico
TIMELINES OF THE GREAT DEPRESSION:
http://www.huppi.com/kangaroo/Timeline.htm
1930
By February, the Federal Reserve has cut the prime interest rate from 6 to 4 percent. Expands the money supply with a major purchase of U.S. securities. However, for the next year and a half, the Fed will add very little money to the shrinking economy. (At no time will it actually pull money out of the system.) Treasury Secretary Andrew Mellon announces that the Fed will stand by as the market works itself out: "Liquidate labor, liquidate stocks, liquidate real estate… values will be adjusted, and enterprising people will pick up the wreck from less-competent people." (More)
che dire ?
prima il libero mercato viene negato e violentato dalla espansione monetaria delle banche.
poi per rimediare alla crisi, si lascia che il libero mercato faccia il suo corso.
una piccola contraddizione ?
http://www.huppi.com/kangaroo/Timeline.htm
1930
By February, the Federal Reserve has cut the prime interest rate from 6 to 4 percent. Expands the money supply with a major purchase of U.S. securities. However, for the next year and a half, the Fed will add very little money to the shrinking economy. (At no time will it actually pull money out of the system.) Treasury Secretary Andrew Mellon announces that the Fed will stand by as the market works itself out: "Liquidate labor, liquidate stocks, liquidate real estate… values will be adjusted, and enterprising people will pick up the wreck from less-competent people." (More)
che dire ?
prima il libero mercato viene negato e violentato dalla espansione monetaria delle banche.
poi per rimediare alla crisi, si lascia che il libero mercato faccia il suo corso.
una piccola contraddizione ?
