Video61@[EMAIL PROTECTED]
wrote:
> 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
Well... not so much, really. Eisenhower moreso. Guys with
picks and shovels could only do so much, and large-scale
Hoover Dam type projects were not that numerous.
I beleive Ike's Interstate drove much more real infrastructure.
Prior bridges tended to be, of all things, privately
funded ( like the Golden Gate). The New York ****t
Authority stuff was paid for by tolls, very rich
semiprivate cor****ation.
The invention and enablement of farm agency made a huge dent in land
use, though.
> before we actually engaged
> in the war. he also spent large sums of money on our peoples health
Not so sure about that - as late as 1940, I believe most hospitals
at least were largely still Catholic charity hospitals. There were
swamp drainings and dam buildings as part of WPA type things, but
you didn't really see a Medicare until LBJ.
There's a story by Loretta Lynn, "Little Red Shoes" that describes
the state of the art in medicine for the poor then. Rather harsh.
> to
> gear up for the war, classic keynes.
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