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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (522555)	10/21/2009 10:26:41 PM
From: i-node	1 Recommendation Read Replies (3) \| Respond to of 1579959

Had the government had the option of not fighing WWII and spent the same amount of money on roads, bridges and infrastucture we would have done even better. Not sure what you mean by "done even better", but it was WWII, not the government hiring out of work people, that ended the Great Depression. I already know you don't read. But if you wanted to educate yourself on THIS subject (while you're reading up on AQ & 9/11), you might check it out: tinyurl.com A great book. It explains, in language you may be able to understand, about how FDR's policy actually PROLONGED the depression. And there isn't merely ONE reason, but there are many. Friedman wrote this blurb for the book -- "Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929—33. Truth to tell–as Powell demonstrates without a shadow of a doubt–the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government. Powell’s analysis is thoroughly documented, relying on an impressive variety of popular and academic literature both contemporary and historical." These are the words of a Nobel prize winning economist. I know, given what you think of the Nobel prize, that you wouldn't want to argue with him. BTW, do you think Friedman knows "econ 101"?