Reading the economic history of the collapse of 1929 to 1933 is really hard to get through without giving yourself a concussion from banging your head against the desk. So much stupidity.
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Lack of info? I read your book... was it not an extended argument that government spending did not end the depression?
Whatever temp benefits came from spending were offset by the damage the interventions entailed. Unemployment over 10%. Dow not recovering.
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Been a while since I read the book; do you concede the utility of some 1st New Deal stuff like banking holidays, going off gold standard, etc? That strikes me as clearly useful, the NIRA clearly bad, and the other stuff where the debate really lies.
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It has been a while since I read, but wasn't your ultimate point that it took WW2 to get us out of the Depression? What exactly about WW2 made the difference?
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GDP rose and employment rose as well (b/c of the draft). Of course the increase in the proportion of GDP directed at killing people and breaking things was so large that it required rationing of many common consumer products. Also, 400K of those thus "employed" were killed.
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