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unblock

(56,232 posts)

2. even in the 30's, the government didn't go far enough.

Fri Dec 30, 2011, 11:46 PM

Dec 2011

government spending in the 30's got things moving in the right direction, but the fact that it took wwii-level spending to REALLY get out of that mess shows the level of spending necessary.

we're willing to spend like crazy when there's a war on, but otherwise we're not, even though the economic effects would be even better than when nearly all that government spending is going towards destruction and disposible miltary stuff.

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Keynes was Right | Krugman-NYT [View all] BootinUp Dec 2011 OP

Krugman, is for the most part, a treasure. tabatha Dec 2011 #1

yes yes bahrbearian Dec 2011 #3

even in the 30's, the government didn't go far enough. unblock Dec 2011 #2

We will never learn from our mistakes, Sad bahrbearian Dec 2011 #4

The '37 recession was really a depression & makes that point moot FogerRox Dec 2011 #6

or maybe 11%, 9%, and 14% growth wasn't enough and they should have spent more in those 3 years. unblock Dec 2011 #11

But other than facts and math, Krugman's got nuthin' MannyGoldstein Dec 2011 #5

Precisely Sherman A1 Dec 2011 #7

Krugman is on his way to understanding. girl gone mad Dec 2011 #8

Krugman should have been Secretary of the Treasury. tclambert Dec 2011 #9

Ah, yes, chervilant Dec 2011 #10

Keynes may be vindicated ... GeorgeGist Dec 2011 #12

"I am, of course, at odds with conventional wisdom." greiner3 Dec 2011 #13