
“They called for ‘more stimulus,’ more debt, more credit, more spending, and more stuff. But more is not always the right answer. There are times when less is better. One of those times was in the mid-1930s…when Germany faced a critical decision. More? Or less? Adam Tooze, a British historian, has written a marvelous book on the Nazi economy, The Wages of Destruction. He shows that, far from illustrating the success of intelligent central planning, the German economy of the Third Reich was a disaster.”
http://dailyreckoning.com/too-much-of-a-good-thing-continued/
Related posts:
Larken Rose: What's So Bad About Nazis?
Bill Bonner: A Close Encounter with Zombiedom
Oligarchies Masquerading as Democracies
How Snowden's Revelations Have Strengthened the NSA
Top Terrorism Experts Say that Mass Spying Doesn’t Work to Prevent Terrorism
How Bitcoin solved my startup's international banking problem
The Power Elite-Obama Connection
Shares in Incorporated Co-op Cities Might Be the Next Big Thing
These False Flags Were Used To Start A War
David Galland: The Age of Entitlement
You Might Not Read This Because It Says the World Is Getting Better
The safest place in the world
Immigration Reform -- The Time for Free Trade
Tobacco Speakeasy: Prohibition Lite Is Making RYO Cigarettes All the Rage
Ignore Saudi and Israeli Goading for Muscular U.S. Mideast Policy