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Posts Tagged ‘Tyler Cowen’

Like What, Exactly? (3)

January 9, 2013 11 comments
1937 – The 9th Party Congress was called the "Rally of Labour" (Reichsparteitag der Arbeit). It celebrated the reduction of unemployment in Germany since the Nazi rise to power.

1937 – The 9th Party Congress was called the “Rally of Labour”. It celebrated full employment in Germany since the Nazi rise to power.

Part Three: Conceived in Nazi Germany, Born in the USA

The search for a solution to the financial crisis

You probably are not aware of this, but in 2008-2009, when the world market faced its darkest hours of the financial crisis, the attention of many mainstream economists, who were desperately looking for a way out of that mess, turned to the halcyon years of the early Nazi regime. Yep, that’s right — economists scrambled to study fucking Nazi economic policies. Most Marxists don’t realize this, but the template for their cherished “social state” was the Nazi policies of the Great Depression.

Really, I am not making this up. Have a look at this quite interesting article from the New York Times in 2009:

“Every so often, history serves up an analogy that’s uncomfortable, a little distracting and yet still very relevant. In the summer of 1933, just as they will do on Thursday, heads of government and their finance ministers met in London to talk about a global economic crisis. They accomplished little and went home to battle the crisis in their own ways. More than any other country, Germany — Nazi Germany — then set out on a serious stimulus program. The government built up the military, expanded the autobahn, put up stadiums for the 1936 Berlin Olympics and built monuments to the Nazi Party across Munich and Berlin.”

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