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You're onto something. The thing that got the United States out of the Great Depression and into 20 years of prosperity between mid 1940s and late 1960s was the
by bhl 8y ago
You're onto something. The thing that got the United States out of the Great Depression and into 20 years of prosperity between mid 1940s and late 1960s was the Federal government's massive involvement in the economy, mainly during World War 2 and afterwards.
Surprisingly, Roosevelt's attempt to boost the economy with public works in the 1930s didn't help much. If you look at charts around this time, economic inequality was decreasing and the median wage was growing linearly with productivity. It was also during this time that rent control was implemented as a public policy (mentioned in the podcast).