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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (258286)	7/2/2010 11:53:26 PM
From: koan	Read Replies (2) \| Respond to of 306849

Yep. Right on as always. I saw Krugman layout the whole story of the depression and WWII with graphs. It seemed logical to me, but way too complicated for most people to take the time to understand. Two big differences, one as you note, we owned the world and two we did not owe so much. Still might not matter. Krugman and Stiglitz still think it is the way to go. Who has the cajones to argue with those two? 1930's we started out with very high personal debt and low govt debt. When WWII started we had 100% employment. All the men and women were working. Govt debt sky rocketed. But then people started paying down their bills and starting businesses and paying taxes. By 1950 both personal and goverment debt was way down. Keynsian economics.