3 ms·
Another big change: FDR stopped villifying and prosecuting business. If one studies investor surveys, the change in attitude and the corresponding measures of i
by newt0311 18y ago
Another big change: FDR stopped villifying and prosecuting business. If one studies investor surveys, the change in attitude and the corresponding measures of investor confidence are clear. That probably did at least as much if not more to bring the economy out of depression. The government may be big but it cannot match the spending power of several hundred million people.
- gaius 18y agoWell it can, but it can't match the collective intelligence of them, and that's what ultimately matters. It's not how much you spend, it what you spend it on.