Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
So there was robust GDP growth for several years, although the unemployment rate remained high (reminds me of the stubborn jobless numbers after the Great Recession of 2007). Then there was a short downturn in 1938, with a modest recovery that gained steam as WWII approached.
Thank you for proving that GDP is a worthless measurement. Spend 250k on a bomb and blow it up vs 250k on a house that lasts 50 years.
Status:
"everybody getting reported now.."
(set 26 days ago)
Location: Pine Grove,AL
29,571 posts, read 16,556,695 times
Reputation: 6044
Quote:
Originally Posted by Loveshiscountry
Thank you for admitting you don't understand economics well. Takes a big person to admit their mistake.
dang, i hurt your soul, LOL
Quote:
If you read the book the poster you quoted mentioned, you'd understand economics and the free market.
Public spending created debt and is inefficient. You're okay with government spending $100 on something the free market spends $90 on and is better quality? Public money is created out of thin air and it devalues the dollar.
If Hazlitt was an NFL team, the Patriots would have never won a Super Bowl. That's how good he is on economics and that's an understatement.
Taking advice from a theoretical economist is the same as a coach taking advice from a fan in the stands., but go ahead and keep going LOL.
Instead of having an inefficient government creating debt under the guise of creating jobs, leave the money in the hands of the people. Why in the world would anyone listen to government about the economy when we know for a fact that government is the one that wrecks the economy?
.
Thank you for proving that GDP is a worthless measurement. Spend 250k on a bomb and blow it up vs 250k on a house that lasts 50 years.
Well, I share your opinion that its better to spend money on people than on weapons. But GDP is just a measure of economic activity. Whether you build a bomb, a house or a speedboat, the workers get paid, the manufacturer makes profits and the govt gets taxes. It isn't reliant on the value of that product to society.
Maybe a four. He had terrible domestic policies but had a Ronald Reagan like knack to unite the country. A socialist loser but not a complete sellout like Joe dumb**** we have now.
Franklin D. Roosevelt as a president, on a scale of 1-10 how do you rate him?
1 being terrible
10 being great
with the various gradations in between, How many stars does he get?
I give him a 10. He saved American Capitalism. Without the New New Deal American Capitalism would not have survived. There is a good chance America would be a Socialist Republic today if FDR were not elected. If another establishment status quo politician after the horrible years under Hoover would have governed the country there is a good chance American Communists would have taken over 4 years later. Just like they did in Russia in 1917.
Wrong wrong wrong...the we were already deep into the Great Depression which started in 1929...he was elected in 1932...get this revisionist history out of here.
FDR was the best POTUS of the 20th Century...no he wasn't infallible but he got us out of the Great Depression...and led us through WW 2 better than any wartime President ever before or since. Because of him we have many of today's social safety nets and while they pale in comparison to most of our European counterparts, they do help a good deal number of people who would have no help whatsoever w/out.
The economy grew in all but 2 of his years in office and those were 2 yrs where he followed Congress in cutting spending...The New Deal saved our economy.
Why do you think our social safety nets pale in comparison? How many illegals are leaching off the government in the Netherlands? Why aren't the worlds bottom feeders exclusively going to Europe?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
