Message from @toast

Discord ID: 542433719839883292


2019-02-05 19:55:57 UTC  

Of course, the government should always make sure whatever money it tries to fight recession with is actually used for a good purpose

2019-02-05 19:56:04 UTC  

They can be though

2019-02-05 19:56:06 UTC  

Sorry, jumping in here, they actually employed a lot of visual artists

2019-02-05 19:56:13 UTC  

They provide water and electricity

2019-02-05 19:56:20 UTC  

Which wasn't really necessary imo

2019-02-05 19:56:21 UTC  

Oh yeah, the national art foundation and stuff

2019-02-05 19:56:25 UTC  

not necessary

2019-02-05 19:56:30 UTC  

just helped art

2019-02-05 19:56:30 UTC  

But it wasn't what consumers demanded

2019-02-05 19:56:34 UTC  

It was forced by the government

2019-02-05 19:56:39 UTC  

The resources at the time could be used elsewhere

2019-02-05 19:56:42 UTC  

helped consumers though

2019-02-05 19:56:52 UTC  

And making tanks helped consumers too

2019-02-05 19:56:55 UTC  

by protecting the nations

2019-02-05 19:56:58 UTC  

but they didn't demand it

2019-02-05 19:57:01 UTC  

Well

2019-02-05 19:57:10 UTC  

The scarce resources were used in other ways.

2019-02-05 19:57:17 UTC  

Aside from employing manufacturers, it didn't help consumers directly; only indirectly

2019-02-05 19:57:37 UTC  

Yeah, consumers never demanded it. The whole reason an economic system exists is to meet consumer demands

2019-02-05 19:57:43 UTC  

The thing about the spending was that it helped reduce the hoarding of money that had helped contribute to the depression (saving is good, hoarding is not)

2019-02-05 19:57:56 UTC  

Not to mention that the above-market wages forced by the government caused a bunch of people to become unemployed as well

2019-02-05 19:57:56 UTC  

What is hoarding defined as?

2019-02-05 19:58:04 UTC  

Yeah we said that xd

2019-02-05 19:58:14 UTC  

But of course, the war wasn't fought to help consumers; it was fought because of Pearl Harbor and the Nazis

2019-02-05 19:58:22 UTC  

So parts of the New Deal hurt the people who really needed it

2019-02-05 19:58:27 UTC  

hoarding is when saving becomes cyclical

2019-02-05 19:58:29 UTC  

Yeah, it boosted gdp though.

2019-02-05 19:58:36 UTC  

Whoops my bad

2019-02-05 19:58:38 UTC  

Which didn't improve the material standard of living

2019-02-05 19:58:43 UTC  

the war sort of did end the depression

2019-02-05 19:58:48 UTC  

Not at-all

2019-02-05 19:58:55 UTC  

The depression continued until post war

2019-02-05 19:59:02 UTC  

Boosting gdp growth with tanks and warships

2019-02-05 19:59:18 UTC  

Creating almost 0%unemployment isn't actually a challenge when the nations at war and theres a draft.

2019-02-05 19:59:28 UTC  

If every worker was staffed in the army and fleet we'd have full unemployment

2019-02-05 19:59:30 UTC  

and nothing to eat

2019-02-05 19:59:39 UTC  

but also 0 GDP

2019-02-05 19:59:42 UTC  

no production

2019-02-05 19:59:42 UTC  

*plus that debt-to-GDP ratio tho*

2019-02-05 19:59:45 UTC  

0 gdp?

2019-02-05 19:59:53 UTC  

The GDP went up