[p2p-research] Fwd: Article - Der Spiegel - Can Countries Really Go Bankrupt? (without attach after bounce)

[Michel Bauwens]

Part of Kevin's book deals with the post-WWII recoverery,

perhaps Kevin can give us his analysis?

Michel

On Mon, Feb 23, 2009 at 12:02 PM, Chris Watkins <
chriswaterguy at appropedia.org> wrote:

> Der Spiegel writes:
>
> On Sun, Feb 22, 2009 at 21:53, Michel Bauwens <michelsub2004 at gmail.com>wrote:
>
>> And so far, national governments have gone very far. Be it in the United
>> States or in Europe, the sums governments are having to cough up to prevent
>> the financial system from collapse are staggering.
>>
>
> I thought they were quite small, compared to (say) the stimulus of the
> USA's deficit spending in WW2, which (it's often said) was what finally got
> the USA out of the great depression.
>
> I'm no expert, either or economics or this period of history, so I wonder
> if that is a good analysis. I know the USA was making money out of the war
> by supplying England in the early years - but I think most of this was on
> the Lend-Lease program, so they weren't getting actual earnings at that
> stage. So I'm not inclined to credit the recovery to more exports, but that
> could be my ignorance.
>
> --
> Chris Watkins (a.k.a. Chriswaterguy)
>
> Appropedia.org - Sharing knowledge to build rich, sustainable lives.
>
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> blogs.appropedia.org
>
> I like this: five.sentenc.es
>



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