Activity

reflationary road the the Roosevelt administration took through the depression years [...] the National Industrial Recovery Act and the Agrictultural Adjustment Act through the Social Security Act and the Wagner Act's focus on maintaining consumption

when you hand over your goods (an export) to someone far away, that the money in which they will pay you back (as payment for their import) is not just a pile of worthless paper--the so-called fiat money problem?

EU policy in the European periphery as little more than a localized set of structural adjustment policies

The Washington Consensus was [...] fiscal discipline, reordering public expenditure priorities, tax reform, liberalizing interest rates, (maintaining) a competitive exchange rate, liberalizing trade and foreign direct investment (FDI), privatization, and deregulation

depressions do not in fact "right themselves" owing to a phenomenon called debt deflation. Simply put, as the economy deflates, debts increase as incomes shrink, making it harder to pay off debt the more the economy craters