= 27d567bc2d48d9f40e9ccc20ea370b15)
bogus comments on Open Thread, September 15-30, 2012 - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (206)
Still, if Hoover's policies weren't all that different from Roosevelt's, and most of Roosevelt's didn't make all that much difference, that's quite different from the usual account.
Also, is it true, as claimed in the article, that WW2 got the US out of the Great Depression? This has never seemed plausible to me (get richer by doing a huge amount of non-productive work?), and wars don't usually seem to be great for the economy.
It's sort-of plausible, because the GD was due to a severe shortfall in overall nominal expenditure wrt. the prevailing level of prices and wages. The original cause of this shortfall was a series of mistakes in monetary policy; however, increased deficit spending in WW2 could have made up for it.