The Worgl Austria Great Depression Experiment and a real estate boom in rural America?

How about mandatory accounting/finance in the schools?

Wealth of Nations by Adam Smith has been in the public domain for some time and can be downloaded from Project Gutenberg and searched. The printed book can cost you $15 and take a lot of effort to search. Has Smith's "Invisible Hand" been used as a propaganda tool for decades since most people would never read WoN?

Smith used the word 'invisible' six times but only once as "invisible hand". It is really curious that we hear about the 'invisible hand' so much.

Smith used the word 'education' EIGHTY TIMES. We are not told about that. Search for "and account" and you will find multiple instances of "read, write, and account", not "read, write and arithmetic". Double entry accounting was more than 300 years old when Smith wrote Wealth of Nations, but 50% of Brits were illiterate and public schools did not exist in 1776.

The United States could have made accounting/finance mandatory in the schools since Sputnik. Wouldn't that have helped everyone best serve their own self interest? But we do not hear the people who propagandize us about the "invisible hand" advocating mandatory accounting because that might make their invisible rip-offs more difficult.

Adam Smith never used the word 'depreciation' in WoN. He mentioned paper money being depreciated one time. Marx wrote about 'depreciation' 35 times in Das Kapital, sometimes regarding the depreciation of machines and sometimes of money. Marx even mentioned Adam Smith 130 times though not much about education.

Consumers did not buy automobiles, air conditioners, televisions and microwave ovens before 1885.
Marx died in 1883.

But it's OK! Our brilliant economists do not talk about the depreciation of under engineered consumer trash today either. Every time you buy a replacement the purchase is added to GDP. What about NDP? Oh sorry, when do you ever hear an economist explain NDP? That's OK too, they only depreciate the Capital Goods and ignore the depreciation of consumer junk anyway.

Wealth of Nations has probably been in the public domain for a very long time but cheap computing did not make it available in Project Gutenberg until 3/17/2001. Milton Friedman died in 2006. Was Friedman giving us the straight dope on economics or treating us like a bunch of dopes for decades?

 

Thank you for this fascinating reply.....
I absolutely agree with you that mandatory accounting courses in schools would be a great idea but yes......
those courses would make it more difficult for high level political leaders to deceive the average person, and a lot of deception sure does seem to be going on.

The Era of F.D.R. was an interesting one indeed!

Can we learn about the Washington Swamp from the Ottawa Swamp?




Here are the statistics for deaths among African Americans since 1973:

Abortion............15.5 million
Heart disease.....2,715, 416
Cancer ...............2,568,040
Accidents ..............447,803
Violent crimes .......354,392
AIDS .....................245,322


I believe that this was set up.......
and something happened here in Canada back in 1974 that made this trend possible in the USA.





Here is one of the major reasons why Canadian women feel pressured into having an abortion. They feel that our economic situation leaves them with really no choice other than to take the risk of living in relative poverty along with their child. This situation has been forced on them and we need to be more well informed about this.


After P. M. Pierre E. Trudeau's colossal error here is how the national debt of
Canada spiralled out of control:



My guess is that he was pressured into doing this so that the same thing could be
arranged in the USA:




Many wealthy people believe that the only way to keep the lower class working
hard is to keep them head over heels in debt and kind of hungry. Lower class people choosing to have an abortion is a positive thing in the minds of a lot of people who consider themselves to be the ELITE!

https://www.michaeljournal.org/articles/social-credit/item/the-public-debt-problem?/plenty34.htm
The Public-Debt Problem




Here is how I explained this back in 2006 when I campaigned for the office of M. L. A. as an independent:

From 1940 to 1974 the Government of Canada put roughly half of the total money supply into the economy through loans issued through the federally owned Bank of Canada. Provincial and municipal governments could borrow the money to build roads, schools, hospitals and sewage treatment facilities at zero or one percent interest. In 1974 we changed our system and since that time a higher and higher percentage of all government debt is financed through loans issued through privately owned banks. At this time it is ninety eight percent. This policy may be great for our banking sector but it was estimated that in the one year of 1995 alone our federal government could have saved roughly SIXTY FIVE BILLION DOLLARS in interest payments if we had gone back to creating half the total money supply through these low interest rate loans issued through the bank that is OWNED BY ALL CANADIANS.

Considering that our deficit was approximately thirty billion dollars for that year, simply by changing back to an already proven monetary and banking system, we could theoretically have had a FEDERAL BUDGET SURPLUS OF THIRTY FIVE BILLION DOLLARS in 1995.


The massive cutbacks in the Canadian military, in health care, highway construction, social programs and education were profoundly affected by these accounting practices?

So what can you and I do about this problem?

My 2006, 2008, 2016 and 2004 campaign writings as ART.

 

The Depression, WWII, John Maynard Keynes was and the world economy with technological change since 1945 is quite interesting.

In the 1930s Keynes was talking about a 15-hour work week for grandchildren. FDR did not want to do the deficit spending that Keynes was advocating but WWII forced jim to do it and the economy took off. But it was based on the Germans and Japanese blowing stuff up and sending unemployed men off to fight.

People were afraid the Depression would return after the War. Then Keynes died in 1946. Did he ever see a television commercial for automobiles? So we got a television brainwashed consumer culture while the economists ignore the depreciation of consumer products designed to become obsolete.

When have you heard an economist discuss Net Domestic Product?

We should have had a 3-day workweek by the 90s with most Americans paying off mortgages.

http://blog.lostsoulscorp.com/articles/economic-wargames/

 

Keyne's original idea was for government to save during the good times and spend during the bad.

But as we all know, government is not very good at saving. It's not in human nature. Tragedy of commons. Politicians always want to spend money to get votes now, and then leave the bill for the next politician who is elected later.

 

I just got back an interesting comment that proves to me that these barter networks are still working in some places in America and Canada.....
moving to an area that has an effective barter network would be one reason to check out the real estate there.....