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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (96566)	4/17/2009 11:31:11 AM
From: Little Joe	Read Replies (1) \| Respond to of 116555

If you are right wouldn't huge tax cuts be the answer. No political opposition and money gets into the economy, with the added advantage that it is likely to be spent to make us more productive. lj

To: koan who wrote (96566)	4/17/2009 11:31:33 AM
From: ajtj99	1 Recommendation Read Replies (1) \| Respond to of 116555

It was more likely productivity growth in WWII that brought the nation out of the malaise of the Great Depression. The baby boom following WWII did the rest. Growth is technically a function of productivity growth and population growth. There were massive productivity advances during WWII. The Manhattan Project is an example of one. The code breaking machines that eventually became the first computers are another. The jet engine is another. The list is endless. Of course, it did help that half the world was destroyed in the war, but the sustained growth was a product of the technological advances made during the war.