
“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:
John Hussman: On the Completion of the Current Market Cycle and Beyond
Don’t Dismiss the Possibility of Gold Confiscation
The Security State’s Reaction to Snowden Shows Why It’s Doomed
Eleven Years after 9/11, Guantánamo Is a Political Prison
Casey's Louis James Warns: 'Don't Try to Time the Market'
A President Who Didn't Want the Job [2013]
The State, Not Manning, is the Criminal
Jacob G. Hornberger: The Evil of the National-Security State, Part 3
Reforms of Domestic Government Surveillance
Eric Margolis: Obama, Don't Play Chess With KGB
All That's Needed Now is a Lusitania
Uncovering License Plate Scanners: The Next Big Thing in Government Tracking
The Financial System Doesn't Just Enable Theft, It Is Theft
Jimmy Carter: U.S. Has ‘A Cruel and Unusual Record’
India: Emerging from Poverty or Stuck in the Past?