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There's a difference between knowing history and bearing grudges. Generally folks who bear grudges have a very poor (and one-sided) view of history. The Great
by Tloewald 11y ago
There's a difference between knowing history and bearing grudges. Generally folks who bear grudges have a very poor (and one-sided) view of history.
The Great Depression was not solely caused by the gold standard, although getting rid of it certainly seems to have aided recovery (worth noting since some argue for returning to it).
Iraq wasn't going to be like Vietnam either because the people loved us, and our weapons were so much awesomer. Incidentally, Bremer was reading about the occupation of Germany and Japan after WWII on his way to Baghdad. History can be instructive, but you need to use it wisely, not cherry pick the instances that support your existing view. There's plenty of Roman history (for example) that maps beautifully onto modern America, even though we are very different from the Romans.
- danieltillett 11y agoHistory can be a guide, but an untrustworthy guide. Use history, but always be aware that today is not a repeat of yesterday. In regards the Great Depression the gold standard seems to be mostly responsible. The countries that left the gold standard first were the first to recover and those that delayed suffered longer. The USA is an interesting exception since Roosevelt revalued gold by fiat in 1933 which had the effect of getting the USA effectively off the gold standard and introducing inflation into a deflationary spiral.
- Tloewald 11y agoReplace "history" with any body of knowledge and you get an equally valid truism.