The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (202649)	5/16/2009 3:38:42 PM
From: koan	Read Replies (1) of 306849

>>I'm glad to see you completely deny your prior absurd comment that governmental debt was low by the 1950s. Clearly my chart has made at least this particular fantasy untenable. It took another few decades past that era to finally bring the governmental debt, incurred by 1930s stimulus programs and WW-II, down to size by growing the economy.<< koan: "Are you blind? Private debt fell straight down form 1932 to 1948 and then government debt started falling straight down. by 1950 debt goveernment debt was falling fast. Message 25648814 >>Your claim that 1930s era spending is responsible for the economic growth of the 1950 to 1980 period, which cut governmental debt down to size relative to the economy, is your personal delusion which is not shared by others.>> koan: "You just make stuff up. Krugman and most top economists give credit to the Keynsian stimulous for brign the debt down-PEOPLE HAD JOBS so they could pay their debt down-gheeesh-lol! topics.nytimes.com Sadly you still believe that personal and business debt did not decline during the Great Depression because of bankruptcies and foreclosures, but because of some mysterious effect of WPA programs. No sensible person agrees with your rubbish Debt was liquidated, not paid off. Only Krugman, Stiglits, Galbraith, and most top economists and university economic professors.

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