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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: alanrs who wrote (202529)5/15/2009 7:20:12 PM
From: koanRead Replies (1) of 306849
 
>>And of course before the war we did spend a lot of money on infrastructure, the Hoover Damn and the stately Evanston post office building being just two fine examples, although I've never heard a good case for the WPA ending the depression.<<

WPA did bring unemployment down form 25% to 10%. krugman woul dargue I think that it just wasn't large enough. which is what krugman, Stiglitz, Gailbraith and others are saying right now.

Stimulous is just not large enough.

Of course inheriting a 10 trillion deficit from which we gained nothing makes the keynsian approach that much mroe risky.
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