Message from @ParadiseRacer24

Discord ID: 533869463381082124


2019-01-12 22:57:15 UTC  

How can money just rise to meet demand without some sort of intervention

2019-01-12 22:57:16 UTC  

Boom in what?

2019-01-12 22:57:21 UTC  

The economy

2019-01-12 22:57:25 UTC  

read above

2019-01-12 22:57:53 UTC  

GDP data was inflated

2019-01-12 22:58:29 UTC  

I would ask for a source but I have to leave anyways

2019-01-12 22:58:34 UTC  

Apologies

2019-01-12 22:58:35 UTC  

bye

2019-01-12 22:58:43 UTC  

Pce

2019-01-12 22:58:50 UTC  

I can’t give a source as you even said military spending

2019-01-12 22:58:55 UTC  

which is what I say above

2019-01-12 22:59:20 UTC  

It’s inflated as it did not go towards consumer goods

2019-01-13 04:37:45 UTC  

I think we should abolish the presidential term limit so trump can run in 2024 and so on

2019-01-13 04:44:08 UTC  

As much as I like Trump, he would be a bad president if he kept on running

2019-01-13 04:45:02 UTC  

How?

2019-01-13 04:45:18 UTC  

Because presidents only get 2 terms

2019-01-13 04:45:42 UTC  

And when he dies, do you really want Hillary Clinton's best buddy in office for 20 years?

2019-01-13 04:45:43 UTC  

Franklin got 4 and he did amazing

2019-01-13 04:45:50 UTC  

And he was a dem

2019-01-13 04:46:09 UTC  

That was before the Constitution said you only get 2

2019-01-13 04:46:38 UTC  

And let’s be honest, when trump does Kanye, Trump Jr. or another republican will take over and that’s one of the only things I’m against in the constitution

2019-01-13 12:08:42 UTC  

@ParadiseRacer24 FDR was terrible

2019-01-13 12:08:50 UTC  

that guy was a economic catastrophy

2019-01-13 12:08:57 UTC  

And the Japanese internment

2019-01-13 15:09:49 UTC  

Terrible? How. The new deal brought us out of the Great Depression, served as an amazing general for World War Two and the people loved him so much he got elected 4 times

2019-01-13 15:12:03 UTC  

@ParadiseRacer24 no he didn’t

2019-01-13 15:12:07 UTC  

He extended the depression

2019-01-13 15:12:20 UTC  

His very policies extended and delayed the recovery to after WW2

2019-01-13 15:13:05 UTC  

The new deal was a disaster that extended the Great Depression , like always government intervention delays recovery. Just like what happened in 2008

2019-01-13 15:16:23 UTC  

I’m not saying the new deal is the best thing ever, but it gave people jobs, it’s better than what Hoover did

2019-01-13 16:34:48 UTC  

Hoover did the exact same thing but FDR did it 10x worse

2019-01-13 16:34:53 UTC  

It gave people jobs , barely

2019-01-13 16:35:00 UTC  

Real unemployment and the unemployment itself was much higher

2019-01-13 16:35:05 UTC  

It also prolongated the recession

2019-01-13 16:58:46 UTC  

Yet GDP growth was the fastest in YS history for most of his presidency

2019-01-13 16:59:00 UTC  

https://cdn.discordapp.com/attachments/418667927169138688/534053765918228481/image0.png

2019-01-13 17:27:12 UTC  

Interventions in the wartime economy, war materiel was valued incorrectly and therefore the GDP data overstate economic conditions. Moreover, conscription and arms production gave a misleading employment picture. Instead, the war was a period of capital consumption rather than capital accumulation. Tanks, bombs, and helicopters have limited uses outside of military applications. The labor that was used to produce them was not available to produce consumer goods and services; in fact, people went without consumer goods.

Soon after that however, a bust occurred with very low negative gdp growth

2019-01-13 17:29:32 UTC  

So if anything, the GDP growth is inflated and the recession did continue through WW2.

2019-01-13 17:29:39 UTC  

Being delayed over a decade

2019-01-13 17:32:03 UTC  

I don't think recovery was delayed until after WW2