Message from @DrYuriMom
Discord ID: 528693691079196693
Isnt the average gaming age like 35?
@Timcast This "green new deal" stuff is idiotic. 1) The original New Deal was a major contributing factor to the Great Depression. Seems like a bad thing to make parallels to. 2) The claim that it will lead to an economic windfall is contradicted by the fact people are asking government to initiate and subsidize it. If it were profitable there would be no need to subsidize. Businesses make long term plans all the time. New companies come in and compete to put pressure on existing businesses.
all these things are true
I don't disagree that he Green New Deal is the wrong prescription for a real problem. That said, I think the New Deal was fantastic for the time it existed and there is plenty of evidence for that. Did it solve the Depression by itself. Of course not - the depression was too big to be solved by any one solution. But did it very possibly save the US from a revolution - arguably yes.
Good medicine, but wrong ailment for it in this case.
That's simply false.
Nothing about the new deal helped the depression
Not, it's not
Yes it did
It lead to a great part of it
The depression was *four years old* by the time even the intial New Deal policies were just beginning to start
Roosevelt didn't enter office until March of 1933.
What economic schools of thought seriously claim that burning fields and paying people to do unproductive work and keeping salaries artificially high helps clear mal investment?
The stock market plunge was in 1929.
Roosevelt didn't start the New Deal programs
He coined the name
Hoover initiated similar programs
Not nearly as effective. The New Deal created the TVA and the Grade Coulee Dam.
Yes... and after all that things got worse.
The New Deal was not unproductive
Yes, it is. Let the malinvestments clear.
Coolidge did that in '20 / '21
Major crack boom... cut spending... over in less than 18 months
Not quite sure that it saved the US from revolution but it did help the average citizen a lot
Help them by keeping them in a depression for 10+ years?
World War two was what recovered the country
How's that?
You don't create wealth from war
The US did
Pssh. Clearly you never met Rome.
In the US the government threw contracts at everyone with a plant, built new defense plants and made sure everyone had a job
WW2 and the US was a rather unusual circumstance
Jobs != wealth
War can be incredibly profitable, when you have the advantage.
You built cars but your plant got shut down? Now you have a government contract for 1000 tanks
Paying people to dig and fill ditches is not wealth
WW2 is what ultimately recovered everyone from the Depression, in large measure because of the US
This is basic economics
Government got money from where?