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Investments > Investing Science > Re: did the Lai...
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Re: did the Laissez-faire free market create the perfect storm not

by Les Cargill <lcargill@[EMAIL PROTECTED] > Feb 17, 2008 at 04:30 PM

stuff_stuff@[EMAIL PROTECTED]
 wrote:
> On Sat, 16 Feb 2008 13:16:47 -0500, Les Cargill <lcargill@[EMAIL PROTECTED]
>
> wrote:
> 
>> 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.
> 
> Not so much?  
> "The Civil Works Administration (CWA), Public Works Administration
> (PWA), Works Progress Administration (WPA), and other agencies left an
> enduring legacy on the American landscape through numerous post
> offices, city halls, roads, dams, and reservoirs."
> 
> Throw in the TVA and the CCC, 
> 
> The Triborough Bridge, Lincoln Tunnel, and La Guardia Air****t 
> In the South, the Overseas Highway linked the Florida Keys, and the
> dams of the Tennessee Valley Authority brought electricity and flood
> control to the Valley. Major projects in the West included Shasta Dam
> in California, Hoover Dam on the Colorado River, the nation's first
> freeway in Los Angeles, and both the Golden Gate Bridge and the San
> Francisco-Oakland Bay Bridge.
> 
> 

So how complete is that list? It's a lot of stuff, but nothing
like what happened later. Although some of the reservior projects
were monstrously big - TVA alone was huge. The Floyd Dominy
Reclamation Projects had a hubris.

And, surprisingly, the Golden Gate was funded on a non-public
basis - it was by donation.

My parents took mostly two-lane blacktop from Oklahoma to Florida
as late as the early '60s.

--
Les Cargill
 




 6 Posts in Topic:
Re: did the Laissez-faire free market create the perfect storm n
Video61@[EMAIL PROTECTED]  2008-02-15 11:08:16 
Re: did the Laissez-faire free market create the perfect storm n
Les Cargill <lcargill@  2008-02-16 13:16:47 
Re: did the Laissez-faire free market create the perfect storm n
stuff_stuff@[EMAIL PROTEC  2008-02-16 10:49:44 
Re: did the Laissez-faire free market create the perfect storm n
Les Cargill <lcargill@  2008-02-17 16:30:00 
Re: did the Laissez-faire free market create the perfect storm n
stuff_stuff@[EMAIL PROTEC  2008-02-16 10:50:19 
Re: did the Laissez-faire free market create the perfect storm n
Les Cargill <lcargill@  2008-02-17 16:30:46 

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tan12V112 Sun Nov 23 6:30:55 CST 2008.