Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

Discord ID: 534063440701030411


2019-01-13 17:32:21 UTC  

I do

2019-01-13 17:32:30 UTC  

Even the largest Keynesian stimulus failed

2019-01-13 17:32:33 UTC  

and that says something

2019-01-13 17:33:47 UTC  

well how would you explain away the US' crazy industrial capabilities before the war

2019-01-13 17:33:53 UTC  

What do you mean?

2019-01-13 17:33:59 UTC  

goods can't be produced without money

2019-01-13 17:34:15 UTC  

doesn't mean it wasn't still in a depression

2019-01-13 17:34:36 UTC  

constructions of carriers and other naval ships, munitions, cars, tanks, planes,

2019-01-13 17:34:48 UTC  

Yes read up

2019-01-13 17:35:30 UTC  

consumerism was always popular after the 20s even during wartime

2019-01-13 17:35:37 UTC  

Cheap credit

2019-01-13 17:35:40 UTC  

and we saw how that turned out

2019-01-13 17:35:52 UTC  

Economic growth is the raising of standards of living

2019-01-13 17:36:03 UTC  

Wartime demand finally elevated production to levels sufficient to sustain the boom after WWII

2019-01-13 17:36:11 UTC  

And it went to a bust

2019-01-13 17:36:16 UTC  

but remember, the boom was inflated

2019-01-13 17:36:38 UTC  

The “bust” after WWII was the result of the sudden withdrawal of the stimulus, which was soon corrected by the growing economy

2019-01-13 17:36:48 UTC  

And busted again

2019-01-13 17:37:10 UTC  

The "boom" was inflated as I said above

2019-01-13 17:37:19 UTC  

https://cdn.discordapp.com/attachments/418667927169138688/534063408538976275/Screen_Shot_2019-01-13_at_17.37.11.png

2019-01-13 17:37:26 UTC  

Spending does not stimulate the economy

2019-01-13 17:40:28 UTC  

Yet it got the factories back in business and people employed, which led to a tremendous growth in consumer goods growth after the war

2019-01-13 17:41:05 UTC  

And, perhaps more importantly, it broke the pro-cyclical negative attitude about the economy at the time

2019-01-13 17:41:35 UTC  

The only thing FDR was good at was foreign policy

2019-01-13 17:41:37 UTC  

"Pro-cyclical negative attitude "

2019-01-13 17:41:37 UTC  

?

2019-01-13 17:41:55 UTC  

Visitor it wasn't consumer goods

2019-01-13 17:42:02 UTC  

All of it was the millitary grade goods

2019-01-13 17:42:10 UTC  

Which was not increasing the standard of living

2019-01-13 17:42:56 UTC  

it's hard to prove that, I don't think there's sources about "increase in razor blade production during the 30-40s"

2019-01-13 17:43:15 UTC  

but there's plenty of ones about increase in military production

2019-01-13 17:43:20 UTC  

yeah

2019-01-13 17:43:23 UTC  

and we also had a bust

2019-01-13 17:43:47 UTC  

The bust was from the withdrawal of stimulus, since spending is included on gdp

2019-01-13 17:44:01 UTC  

The bust was due to malinvestment

2019-01-13 17:44:05 UTC  

due to the expansion of credit

2019-01-13 17:44:12 UTC  

It's like every single one

2019-01-13 17:44:38 UTC  

However if you were true, it would completely disprove Keynesian economics

2019-01-13 17:44:58 UTC  

Since if a stimulus is needed to keep the economy going, it means the government will go into debts, it's not economically sustainable

2019-01-14 14:51:05 UTC  

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ where’s my Reagan 😡

2019-01-14 16:05:33 UTC  

Being remembered as the demigod of Anglo-American conservatism and not as the gun-grabbing nannyist illegal-loving cuckaduck he was