Quote:
Originally Posted by aceventura3
You ignore history, I don't.
The US economy has been through 15 or 16 recessions or depressions give or take depending on a few factors. the US economy recovered from each without massive spending in each prior to 1929. The depression in 1929 was made worse by government incompetence and the New Deal by FDR (massive spending programs) did nothing to stimulate the economy. WWII was the stimulus that got the recovery going.
Also, your assumption that I am wrong about my position on government "stimulus" spending is based on a failure to look at the costs of government spending. You ignore the impact of deficit spending, inflation and taxation. In my analysis, I don't.
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You do know that the position that government stimulus did nothing against the great depression but WWII did is internally inconsistent, don't you?
Well, besides not being supported by evidence (the evidence that is there suggests that New Deal programs weren't as big as claimed, and did help), there is the fact that from an economic perspective WWII was nothing more than government stimulus.
Besides, government "stimulus" wasn't invented in 1929. The US did plenty of it beforehand. Just look at the history of American railroads. Heck, most of the early American corporations were public-private corporations created to build canals, railroads and so on.