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FogerRox

(13,211 posts)

6. The '37 recession was really a depression & makes that point moot

Reply to unblock (Reply #2)

Sat Dec 31, 2011, 04:15 AM

Dec 2011

CCC & WPA spending was cut 60%. Gruman had labor shortages in Sept of 1941. GNP growth in '34 was 11%, '35 9%, '36 14%.

What we do know is that 3 years of stim wasnt enough.

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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