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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (14970)	2/1/2009 1:18:31 PM
From: Northern Marlin	4 Recommendations Read Replies (2) \| Respond to of 50335

I have already stated my opinion, but I'll be happy to do it again: Government can not and has never been able to stimulate an economy. It wasn’t until 1946, when government cut down its intervention in the economy, that the country emerged from the Great Depression. I'm basing my opinion that government can not stimulate an economy on my studies of Austrian economics. If you're not familiar with the writings of Rothbard, Mises, or Hayek there is a wonderful web site available to provide educational material in print, audio, and/or video: mises.org. I base my opinion that the Great Depression did not end until 1946 on knowledge gained from Rothbard's America's Great Depression and the writings of Robert Higgs of the Independent Institute (Independent Institute Working Paper Number 59).

To: Mannie who wrote (14970)	2/1/2009 10:10:29 PM
From: Webster Groves	Read Replies (1) \| Respond to of 50335

Of course it did - it was called "Lend-Lease", although nothing was lent and nothing was leased - it was a giveaway with at most only token payments and most of that from separate US loans: en.wikipedia.org Separately the US itself was building up its own war making ability and that started in '39 with the start of WWII. That earlier infusion of contracts to industry likely the beginning of the end of the Depression in the US. Germany at the time was far ahead in pulling out of the financial doldrums. wg