SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (700923)2/25/2013 6:10:55 PM
From: combjelly  Read Replies (2) of 1574386
 
The Roosevelt Recession is proof that Keynes doesn't work.


In a word, no. Unemployment was still high, albeit dropping. Everything else had gotten to pre-crash highs. Stopping spending before a decent recovery, like was done then and the Europeans are doing now, means that you are inviting a return of the problems.

As soon as the spending stops, the jobs stop


Thank you Captain Obvious. Yes, this is true. But if the economy is growing at a decent clip, and you are easing off the spending instead of going cold turkey, at worse things just slow a little.

The war acted as a jobs program.


Sure it did. Keynes working again.

The depression ended and the US became an economic power


The US was already an economic power going into the war.Heck, it was one even before the end of the 19th century.

As you say, all of this is pretty obvious. But clearly you are stuck in your dogma.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News