The 1931 massive fiscal contraction should have slowed the NZ recovery if Keynesian macroeconomics is worth more than a grain of salt

7 Comments (+add yours?)

  1. nottrampis
    Mar 31, 2020 @ 14:40:33

    Yeah so great unemployment di not really fall until well after 1936.

    Put it another way. expansionary austerity has be shown to be claptrap by the IMF during and since the GFC.

    Why would it be different back then. answer it wasn’t.

    Like

    Reply

    • Jim Rose
      Mar 31, 2020 @ 14:41:31

      Unemployment drop to below 10% by 1936 after a massive fiscal contraction

      Like

      Reply

      • nottrampis
        Mar 31, 2020 @ 14:51:40

        Jim, let me give you a basic fiscal policy lesson. it only contacts when the structural position gets tighter each fiscal year. It did not in Australia and indeed was offset by a massive devaluation here.

        I suspect after the first stupid austerity budget each budget after that was less contractionary or to put it another way very mildly expansionary.

        If things do not get worse and you have a large devaluation then unemployment gets mildly better as we see in NZ. It did not get better in a large way until fiscal policy s changed in 1936 as I have shown

        Like

        Reply

  2. Jim Rose
    Mar 31, 2020 @ 14:54:23

    NZ was out of the depression by 1935? Stop lying

    Like

    Reply

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Josey's Libertarian Page

A Collection of Information Compiled by Josey Wales

Helen Joyce

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Inequalities

Research and reflection from both sides of the Atlantic

freer lives

A socialist critique of gender ideology

200-Proof Liberals

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Darwinian Business

A blog exploring business from an evolutionary perspective, by Max Beilby

Spin, strangeness, and charm

Politics, media bias, science, and psychology

Family Inequality

by Philip N. Cohen

What Paul Gregory is Writing About

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Woman's Place UK

Violence against women and sex discrimination still exist. Women need reserved places, separate spaces and distinct services.

TVHE

The Visible Hand in Economics

Kids Prefer Cheese

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

George Mason Economics Society

Provoking discussion by publishing economic writing

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

single sex spaces

Single sex spaces are a question of consent

Adventures of a Tudor Nerd

Tudor History from the Wars of the Roses to the Death of Elizabeth I

Weapons and Warfare

History and Hardware of Warfare

No Punches Pulled

Laughter – the best medicine

TannerOnPolicy

Politics and Policy with a Libertarian Twist

Notes On Liberty

Spontaneous thoughts on a humble creed

Map Dragons

Written by map lovers for map lovers

New Historical Express

(Formerly Hatful of History)

CONVERSABLE ECONOMIST

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Barrie Saunders

Thoughts on public policy and the media

The Victorian Commons

Researching the House of Commons, 1832-1868

Coyote Blog

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

American Enterprise Institute – AEI

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The History of Parliament

Blogging on parliament, politics and people, from the History of Parliament

Catallaxy Files

Australia's leading libertarian and centre-right blog

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Long Run

the EHS blog

Vincent Geloso

Economics, History, Lots of Data and French Stuff

Climatism

Tracking Anthropogenic Climate Alarmism

%d bloggers like this: