On Feb 15, 12:03 pm, stuff_st...@[EMAIL PROTECTED]
wrote:
> On Fri, 15 Feb 2008 09:54:20 -0800 (PST), raylopez99
>
> <raylope...@[EMAIL PROTECTED]
> wrote:
> >> And using nominal GDP rather than real GDP after a prolonged period
of
> >> DEFLATION is incorrect and disingenuous. You're writing from a
> >> perspective where we haven't seen deflation in decades in the US
> >> economy. But that was not the case then.
>
> >Even with your figures, they make my point--in wasn't until 1941 we
> >saw the 1929 highs again, and inbetween we had massive unemployment.
> >So Keynes was not the reason the USA got out of a depression.
>
> Chuckle. Even the war spending is classic Keynes. If you weren't so
> knee jerk dogmatically anti-Keynes you'd not be doing this whole silly
> dance.
that is correct, even fdr was said to have said, at last, i can spend
to stimulate the economy now. and he went on a crash course to upgrade
americas infrastructure to be world class before we actually engaged
in the war. he also spent large sums of money on our peoples health to
gear up for the war, classic keynes.
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