Drepression - Dr Walter Block

Off Topic
1

The infamous economist Dr. Walter Block delivers a wonderful talk about the similarities and dissimilarities of the depression, then and now, at the Mises Institute.

If you are offended by ideas don’t watch this.

2

By the title I thought this was a thread on MacDre

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Without even watching it, let me guess their solutions for success:

  1. Gold standard
  2. Privatization and deregulation

Because according to everything the Mises Institute every publishes, those two things are the magic solution to all society’s ills.

4

[quote]ElbowStrike wrote:
Without even watching it, let me guess their solutions for success:

  1. Gold standard
  2. Privatization and deregulation

Because according to everything the Mises Institute every publishes, those two things are the magic solution to all society’s ills.[/quote]

This lecture was about neither of those ideas.

But either way these ideas are not a magic solution but a solution. There are other things that have to happen too.

Like saving, investing, and producing more. These are the basic activities of any economy; however, a commodity standard and less regulation would be the catalyst for those activities. It is purely logical.