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MURIKA or Tiongkok ish on slippery slope down to long Depression?

k1976

k1976

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Navigating the Slippery Slope: How Hoover's Interventions Paved the Way for the Great Depression​

Herbert Hoover


Tags:Booms and Busts,Economic Policy,The Fed,U.S. History
03/26/2024•Mises Wire•Vibhu Vikramaditya


Herbert Hoover's presidency is often mythically mischaracterized as a period of strict nonintervention in the economy.

However, it was in fact defined by a series of economic maneuvers that not only deviated from laissez-faire ideology, but also significantly contributed to the onset of the Great Depression.

He initiated his term in 1929 with a proactive push by establishing the Federal Farm Board and later the Reconstruction Finance Corporation.

These testified to his interventionist approach, aimed at countering economic instability with federal support that ranged from agricultural price supports to protective tariffs and substantial public works investments. These policies failed to grasp the underlying economic frailties that, combined with a long recession in overexpanded agriculture, inadvertently magnified the crisis.
 
k1976

k1976

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https://mises.org/mises-wire/naviga...vers-interventions-paved-way-great-depression

The war had transformed the US into an economic behemoth. It was the sole major nation remaining steadfastly on the gold standard, which attracted a gold influx as global investment shifted stateside. This influx had the potential to stimulate economic expansion and rejuvenate agriculture, yet the Federal Reserve's nascent policies were also pivotal in shaping this outcome. In the post–World War I period, the Federal Reserve (newly created in 1913) embarked on a strategy of lowering discount rates to facilitate borrowing and liquidity. In the early 1920s, the New York discount rate was cut from 6.5 to 4 percent, a stark reduction aimed at invigorating economic activity. This policy contributed to a significant uptick in the money supply, with an annual expansion rate of about 7.7 percent from 1921 to 1928. The surge in liquidity and easy credit fueled speculative investments, inflating capital goods, stock, and real estate values to unsustainable highs. When the Fed tightened interest rates in 1928 and 1929 to curb speculation, the boom faded, leaving the still-struggling agricultural sector behind.
 
C

ChinaCommunistSG

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k1976 said:

Navigating the Slippery Slope: How Hoover's Interventions Paved the Way for the Great Depression​

Herbert Hoover


Tags:Booms and Busts,Economic Policy,The Fed,U.S. History
03/26/2024•Mises Wire•Vibhu Vikramaditya


Herbert Hoover's presidency is often mythically mischaracterized as a period of strict nonintervention in the economy.

However, it was in fact defined by a series of economic maneuvers that not only deviated from laissez-faire ideology, but also significantly contributed to the onset of the Great Depression.

He initiated his term in 1929 with a proactive push by establishing the Federal Farm Board and later the Reconstruction Finance Corporation.

These testified to his interventionist approach, aimed at countering economic instability with federal support that ranged from agricultural price supports to protective tariffs and substantial public works investments. These policies failed to grasp the underlying economic frailties that, combined with a long recession in overexpanded agriculture, inadvertently magnified the crisis.
Click to expand...
Stand aside USA and China because Singapore will emerge as the third force to lead the world economy as we have the best CECA in the world
 
k1976

k1976

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Even we add the whole Asean in...the economic output is only 30% of Tiongkok
k1976 said:
Aiyah, we are too small lah...1-1.5% World GDP at most.

Recent SG price spike is due to recent global inflation seem turn its ugly head again
Click to expand...
 
congo9

congo9

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Don't always say Singapore is small. Being small has its own advantage.

A good investment like a few of 10 billions can easily be felt throughout the island.

Like big country like Malaysia, a good 20 billion investment in Johor Can only be found in Johor only or even smaller
 
k1976

k1976

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SG is a very good sandbox for demonstration of new tech and legal regulation implementation study de
 
congo9

congo9

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Likewise a big natural disaster in Woodlands can also be felt economically or physically throughout the island.

But but natural disaster in Penang will not be felt as much in Johor.
 
k1976

k1976

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Woodland is so far so good lah....

Even Joowrong is positioning to Huat Big big with JLD big development
 
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