3 ms·
More accurately, some of the New Deal (deposit insurance, fiscal & monetary expansion, leaving the gold standard) worked, but some of it hurt. The fact that ma
by jj_aa 16y ago
More accurately, some of the New Deal (deposit insurance, fiscal & monetary expansion, leaving the gold standard) worked, but some of it hurt. The fact that many countries suffered for just as long and worse, if not longer, without analogous policies makes me wary of the authors' modeling.
> Recovery came only after the Department of Justice dramatically stepped enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found.
That wouldn't have been around 1939-45 or so, would it?