HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » The Fed is cracking down ... » Reply #2

Response to Eugene (Original post)

Thu Jun 25, 2020, 09:00 PM

2. One interesting thesis I read a few years back

raised the thesis that the Depression was needlessly extended due to the refusal of companies to limit dividend payments rather than invest that money into jobs and R&D. This served to keep money moving only at the very top of the economy rather than distributing it widely, increasing the overall velocity and helping small to intermediate companies to survive and expand. Roosevelt's response after this was to raise taxes on the upper class to 90%, something that actually provided enough juice to help when the US entered the war against Japan.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Eugene Jun 25 OP
elleng Jun 25 #1
LineNew Reply One interesting thesis I read a few years back
kurtcagle Jun 25 #2
Please login to view edit histories.