Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (54404)	1/15/2007 11:07:57 PM
From: J. C. Dithers	Read Replies (1) \| Respond to of 90947

Hi Tim- I guess it comes down to whether you want to trust economic retro-theorists, or you want to listen to the people directly affected by the Depression. Those who lived through the Depression probably didn't know what GNP stood for, or care. They just knew that a quarter of them were chronically out of work. During the war years any one who wanted to work could, whether in defense factories or by serving in the armed forces. Indeed, there was suddenly a labor shortage which brought housewives and grandmothers into the work force. So, to the people most affected by the Depression, it was over. When the war ended, the economy did not collapse, but jumped into the prosperous era of the 1950s. You probably have heard the old saw that if you lined up all the economists in the world head to foot, they wouldn't reach a conclusion. ;-)