Except that's not what happened jackson, unemployment fell, so obviously any effect from wage inflation towards unemployment was negligible at best, government intervention was a much bigger positive than negative.
Comapnies that try to artificailly increase prices beyond what the market will accept will not survive, as I said its demand driven, look at Sony which is having more and more trouble because they bucked what the market would accept, so your assumption that its an important thing to go after fails on that simple point.
Yes you're exactly right hat government intervention lowered the unemployment rate, kind of defeats your argument that government intervention prolonged the Depression then doesn't it?
Sorry but its reaching to say that the recovery would have been quicker, since it was only when the US actually entered the war that the economy was brought out of the Depression, since our date of entry would not have changed, recovery would have been on the same schedule
Also citing right wing whack job economists isn't going to sway me to your argument, these are the guys who argued that the new deal didn't do anything for unemployment, when it obviously did
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)
