Comments on: Economic Cycles http://www.jasonschwanz.com/2008/10/12/economic-cycles/ Mon, 02 May 2011 16:48:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: JASon http://www.jasonschwanz.com/2008/10/12/economic-cycles/comment-page-1/#comment-3623 JASon Tue, 28 Oct 2008 03:41:09 +0000 http://www.jasonschwanz.com/?p=199#comment-3623 I don't disagree with that assessment of the recover from the Great Depression. And anecdotally, I would say that is very true. I guess my point was that when the US goes through a major economic downturn the pendulum of economic policy tends to swing to the opposite end of the spectrum. I think we are all but guaranteed to see an increase in regulation in the financial sector. Free market economics are good for the customer, up until the hyper-greed of Corporate America takes over, and companies stop following their guidelines, and start making stupid (read: highly risky) financial decisions, and the customer gets left holding the bomb. I don’t disagree with that assessment of the recover from the Great Depression. And anecdotally, I would say that is very true. I guess my point was that when the US goes through a major economic downturn the pendulum of economic policy tends to swing to the opposite end of the spectrum. I think we are all but guaranteed to see an increase in regulation in the financial sector.

Free market economics are good for the customer, up until the hyper-greed of Corporate America takes over, and companies stop following their guidelines, and start making stupid (read: highly risky) financial decisions, and the customer gets left holding the bomb.

]]> By: Melissa Chapman http://www.jasonschwanz.com/2008/10/12/economic-cycles/comment-page-1/#comment-3609 Melissa Chapman Wed, 15 Oct 2008 18:18:54 +0000 http://www.jasonschwanz.com/?p=199#comment-3609 The interesting thing about the New Deal is that most historians believe it did help some, but that we didn't really fully recover from the Great Depression until WWII, when many jobs were created and the economy started focusing on the war. The interesting thing about the New Deal is that most historians believe it did help some, but that we didn’t really fully recover from the Great Depression until WWII, when many jobs were created and the economy started focusing on the war.

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