Comments on: I Guess I am an Extremist http://www.coyoteblog.com/coyote_blog/2005/04/i_guess_i_am_an.html Dispatches from a Small Business Thu, 18 Mar 2010 14:21:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Max Lybbert http://www.coyoteblog.com/coyote_blog/2005/04/i_guess_i_am_an.html/comment-page-1#comment-1122 Max Lybbert Mon, 02 May 2005 23:08:45 +0000 http://coyote-blog.com/wordpress/2005/04/i_guess_i_am_an.html #comment-1122 <p>Well, the factors that caused and extended the Depression are still debated, and many people simply don't want to admit that one party or the other made bad economic decisions over seventy years ago.</p> <p>For anyone interested in the view from a corporate perspective, the beginning of Alfred Sloan's autobiography (My years at General Motors) covers the Depression from inside GM. There had been a slowdown in business during the '20s and GM learned how to gather the right information to react to such a slowdown. Today we'd say that they had a good IT system. GM was then able to make good business decisions during the beginning of the Depression to avoid too much damage.</p> Well, the factors that caused and extended the Depression are still debated, and many people simply don’t want to admit that one party or the other made bad economic decisions over seventy years ago.

For anyone interested in the view from a corporate perspective, the beginning of Alfred Sloan’s autobiography (My years at General Motors) covers the Depression from inside GM. There had been a slowdown in business during the ’20s and GM learned how to gather the right information to react to such a slowdown. Today we’d say that they had a good IT system. GM was then able to make good business decisions during the beginning of the Depression to avoid too much damage.

]]> By: Michael H. http://www.coyoteblog.com/coyote_blog/2005/04/i_guess_i_am_an.html/comment-page-1#comment-1121 Michael H. Fri, 29 Apr 2005 19:14:22 +0000 http://coyote-blog.com/wordpress/2005/04/i_guess_i_am_an.html #comment-1121 <p>"In the end, the NRA was scrapped in large part because it was a disaster for the economy."<br /> That should have been the reason but it wasn't. It was struck down as unconstitional by the U.S. Supreme Court. Roosevelt then tried to "pack the court" by choosing more justices than the traditional nine. Luckily, he was blocked. If stopping filibusters is the "nuclear option" I cannot imagine what one should call packing the court (dictatorship?).</p> <p>"Many blame the NRA for strangling the recovery that began in 1933-34 and thus extending the depression." From what I recall reading, the economy was so bad at this time that Roosevelt's policies had little effect one way or the other. The root cause of the depression was a catastrophic decline in the money supply. The Federal Reserve really let the nation down at this time, but they did not understand the role of money supply in the economy. The Fed caused another major decline in the economy in 1937 when they inexplicably tightened the money supply again.<br /> </p> “In the end, the NRA was scrapped in large part because it was a disaster for the economy.”
That should have been the reason but it wasn’t. It was struck down as unconstitional by the U.S. Supreme Court. Roosevelt then tried to “pack the court” by choosing more justices than the traditional nine. Luckily, he was blocked. If stopping filibusters is the “nuclear option” I cannot imagine what one should call packing the court (dictatorship?).

“Many blame the NRA for strangling the recovery that began in 1933-34 and thus extending the depression.” From what I recall reading, the economy was so bad at this time that Roosevelt’s policies had little effect one way or the other. The root cause of the depression was a catastrophic decline in the money supply. The Federal Reserve really let the nation down at this time, but they did not understand the role of money supply in the economy. The Fed caused another major decline in the economy in 1937 when they inexplicably tightened the money supply again.

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