Message from @Colonel Sanders™
Discord ID: 534064484214505492
well how would you explain away the US' crazy industrial capabilities before the war
What do you mean?
goods can't be produced without money
doesn't mean it wasn't still in a depression
constructions of carriers and other naval ships, munitions, cars, tanks, planes,
Yes read up
consumerism was always popular after the 20s even during wartime
Cheap credit
and we saw how that turned out
Economic growth is the raising of standards of living
Wartime demand finally elevated production to levels sufficient to sustain the boom after WWII
And it went to a bust
but remember, the boom was inflated
The “bust” after WWII was the result of the sudden withdrawal of the stimulus, which was soon corrected by the growing economy
And busted again
The "boom" was inflated as I said above
Spending does not stimulate the economy
Yet it got the factories back in business and people employed, which led to a tremendous growth in consumer goods growth after the war
And, perhaps more importantly, it broke the pro-cyclical negative attitude about the economy at the time
"Pro-cyclical negative attitude "
?
Visitor it wasn't consumer goods
All of it was the millitary grade goods
Which was not increasing the standard of living
it's hard to prove that, I don't think there's sources about "increase in razor blade production during the 30-40s"
but there's plenty of ones about increase in military production
yeah
and we also had a bust
The bust was from the withdrawal of stimulus, since spending is included on gdp
The bust was due to malinvestment
due to the expansion of credit
It's like every single one
However if you were true, it would completely disprove Keynesian economics
Since if a stimulus is needed to keep the economy going, it means the government will go into debts, it's not economically sustainable
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ where’s my Reagan 😡
Being remembered as the demigod of Anglo-American conservatism and not as the gun-grabbing nannyist illegal-loving cuckaduck he was
Oh I didn’t know any of that
I jew knew that he did his best to make the US free market
As free as possible*