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Avinash_Tyagi on 16 March 2009
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Jackson50 said:
theRepublic said:
Jackson50 said:^^No, not while I am on duty. The policies of Hoover and Roosevelt did not end the GD.

^Yes, a credit-driven boom caused by loose monetary policy.

 

1. The policies of Hoover made the Great Depression worse.

2. You make the cause sound so simple, and yet, economists do not agree on all the causes.

Yes, the policies of Hoover and FDR prolonged the GD

The cause was simple. There were other minor contributing factors (inane policy of the SEC), but the loose monetary policy was the main cause of the crisis.

 

No the policies of FDR didn't extend the Great Depression, in factfrom when he got into office GDP grew, it was only when he tried to balance the budget that GDP fell again.  The reson the New Deal didnt pull us out was because it was too small, it took the much larger spending of WW2 to pull us out, so if you're goign to spend, you have to go all in

 

 



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)