Re: Doonesbury Feb 2008 - last week

On 01 Mar 2008, Carl Fink said the following in
news:slrnfsjdb0.pdq.carlf@xxxxxxxxxxxxxxxxx

On 2008-03-01, Antonio E Gonzalez <AntEGM111@xxxxxxx> wrote:

Yeah, look at the way the New Deal undermined th- . . . oh right,
it actually ended the Great Depression . . .

In the sense of not actually ending the Depression. It surely made it
less horrible for the people at the very bottom, but World War Two and
the natural economic cycle ended it.

Much like as the current proposed economic policies [tax rebate stimulus,
lower interest rates, deficit spending] are ill-informed economic
interventions, the New Deal actually made matters worse by forcing the
Depression to last many years more than would have otherwise been the
case. I would also argue that the world war that brought the world out
of that economic depression more than natural economic cycles.

Sure, the handouts helped people survive a 10 year depression, but they
might have found survival easier if it had only lasted the 1 to 3 years
that was typical up until that point.

--
Regards,
Dann

blogging at http://web.newsguy.com/dainbramage/blog.htm

Freedom works; each and every time it is tried.
.

Relevant Pages

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