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That's a myth, granted a myth that was taught in all of our history classes. The Great Depression was going to end anyway. Here's a paper that discusses just t
by civilian 10y ago
That's a myth, granted a myth that was taught in all of our history classes. The Great Depression was going to end anyway. Here's a paper that discusses just that: http://www.jstor.org/stable/2123226?seq=1#page_scan_tab_contents http://www.jstor.org/stable/2123226?seq=1#page_scan_tab_cont... and here's CATO's discussion of it. (I'm showing my bias now.) http://www.cato.org/blog/did-new-deal-help http://www.cato.org/blog/did-new-deal-help
The thing is--- when does the deficit spending stop?! Our economy is doing decently now, and we're still deficit spending. I don't think that our political system is structured in a way where we can responsible deficit spend and then take back the surplus in the future.
- ZeroGravitas 10y agoGlobal warming is a good measuring stick of how close to reality a free market ideologue will go: http://www.cato.org/research/global-warming http://www.cato.org/research/global-warming I particularly enjoy how reasonable they're trying to be in the initial paragraphs and how it descends into insanity as you scroll further down. Clearly their propaganda has evolved as it become more and more accepted as reality, but their prescription remains the same "all government intervention is bad". They just have to work a great deal harder to justify that.