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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (63574)6/30/1999 2:33:00 PM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
Wayne -

I take back all my support of AG. -g- The neutral bias is a huge mistake.

(...My question is would the stimulation have lasted after the war if the rest of the world wasn't decimated and in need of our capacity. And second, would we have been able to function that well if most of the excesses hadn't been removed in 30s...)

The recovery from the depression was probably due to the end of the war, not the war itself. The end of the war produced a huge reduction in output statistics and was a 1946 recession according to the current numbers at the time. This confused the government policymakers and caused them to lose control of the economy, allowing it to re-assemble itself without the normal amount of government intervention.

Regards, Don



To: Freedom Fighter who wrote (63574)6/30/1999 5:43:00 PM
From: Mike M2  Respond to of 132070
 
Wayne, some tough love fer da bears today. It is a huge mistake to expect AG to do the right thing - prick the bubble. Between 1939 and 1965 the money supply increased four fold with three fourth of that increase during 1939 -45. Yes, the fact that the US survived the war with its industrial base intact while others were destroyed was a significant factor in our post war boom along with pent up demand for goods and loans. Mike


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