All posts in " Austerity "

Could the Great Depression Have Been Prevented?

By admin / June 7, 2019

QUESTION: Dear Martin, I appreciate all you share. I watched a series on the Great Depression and they talk about how socialism saved capitalism. If true, is this part of a healthy cycle between the two? Could anything have been done to prevent the Great Depression? Thank you! LB   ANSWER: It was not socialism […]


What were Roman Taxes v Modern Taxes?

By admin / May 30, 2019

QUESTION: You do a lot of comparison to the Roman Empire. What was the size of the government relative to GDP? Can you estimate that? GY ANSWER: The Roman economy was more like the USA during the mid-19th century in that it was pre-industrial. About 80% of its inhabitants worked in agriculture, which was about […]


Europe Begins to Rebel Against Austerity

By admin / August 9, 2016

COMMENT: Mr. Armstrong; I attended the Berlin Conference. I have to say that you have done an excellent job of laying everything out from the rally in the euro back to 116 to the rally in gold and its failure to get past 1362 not to mention Brexit and the breakout in the Dow. You […]