Skip to content
The Standup Economist Logo The Standup Economist Logo The Standup Economist Logo
  • About / Contact
  • Comedy Videos
  • Writings
  • Climate Change
  • Upcoming Shows

In the news

By Yoram|2021-05-19T01:18:22-06:00August 28th, 2011|Blog|3 Comments
  • Amazon Spends Millions to Fight Internet Sales Tax
  • Seeing Irene as Harbinger of a Change in Climate
  • Behind China’s green goals: “For local officials, there is a direct link between achieving these targets – even by the skin of their teeth – and keeping their jobs. This led to the absurd situation last year where local officials chose to cut off power to businesses, even hospitals, in order to meet their energy-saving goals.”
  • Something Seems Very Wrong Here: Economic History of the Great Depression Department: the correspondent in question was yours truly 🙂
  • Chinese Protest Suspensions of Bloggers
  • Graph: Real GDP in Japan. What if it never doubles again?
  • Centralia’s Very Bad Year
  • China Faces Obstacles in Bid to Rebalance Its Economy: Laura and I go to Chengdu in 2 weeks!
  • China Coal and Mining Expo: Wouldn’t miss it for the world!
  • Weather and War: A new study suggests El Niño may be to blame for nearly a quarter of recent global conflicts.
  • Chasing Rare Earths, Foreign Companies Expand in China
  • What will climate change do to our planet?. From Mark Lynas’s Six Degrees. Reviewed in RealClimate.
  • How Hard Is It To Get a Cartoon Into The New Yorker?

Share This Project With Other Creatives!

FacebookTwitterWhatsAppPinterestEmail

Related Posts

  • 2023 update on my global warming “traffic light” bet with Bryan Caplan and Alex Tabarrok
  • 2022 update on my global warming “traffic light” bet with Bryan Caplan and Alex Tabarrok
  • Review of Cullenward and Victor’s book Making Climate Policy Work
  • 2021 update on my global warming “traffic light” bet with Bryan Caplan and Alex Tabarrok
  • Grading Economics Textbooks on Climate Change – 2020 Update
  • Readings about I-732 and carbon taxes

3 Comments

  1. Denton September 1, 2011 at 7:15 am - Reply

    Re: Something seems very wrong here—

    1. Income taxes under Hoover remained low until the poorly-timed Revenue Act of 1932. See, e.g., the Revenue Act of 1929.

    2. Total federal budget outlays increased almost 50% between 1929 and 1932, from ~$3.1B to ~$4.7B. Approximately $2.7B of the budget of 1932 was deficit spending.
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/hist.pdf

    3. The federal gov’t did began public works spending under Hoover, the Hoover Dam being but one example (1931). He signed into law the Emergency Relief and Construction Act of 1932 which was the beginning of the new deal.

    4. The Fed restricted the money supply. The Fed then wasn’t subject to the administration’s influence, much unlike today’s Fed.

  2. Denton September 1, 2011 at 7:15 am - Reply

    Re: Something seems very wrong here—

    1. Income taxes under Hoover remained low until the poorly-timed Revenue Act of 1932. See, e.g., the Revenue Act of 1929.

    2. Total federal budget outlays increased almost 50% between 1929 and 1932, from ~$3.1B to ~$4.7B. Approximately $2.7B of the budget of 1932 was deficit spending.
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/hist.pdf

    3. The federal gov’t did began public works spending under Hoover, the Hoover Dam being but one example (1931). He signed into law the Emergency Relief and Construction Act of 1932 which was the beginning of the new deal.

    4. The Fed restricted the money supply. The Fed then wasn’t subject to the administration’s influence, much unlike today’s Fed.

  3. Yoram September 1, 2011 at 3:42 pm - Reply

    I think you’re right that there was a deficit in 1931, but was it intentional? The Revenue Act of 1932 suggests that it wasn’t, and what I’ve read about the situation makes it sound like Hoover was pretty keep on balanced budgets…

Leave A Comment Cancel reply

Title

© Copyright 2020 -  The Stand-up Economist   |   Site Design by WPSlopes   |   All Rights Reserved
FacebookTwitterYouTube
Page load link
Go to Top