Yeah and they stated in one of their writings that the new Deal did not restore employment, that alone kills it, if they're going to make a ridiculous statement like that then I question their bias, trying to use the argument that people worked fewer hours is garbage jackson, the fact is the alternative would have been not working at all, these people had the option of being employed at lower hours, but still makign money, or just being on the street, the fact is those employed were responsible for many of the needed infrasturuture improvements made during the depression, and they were able to earn an income that they could then spend
Also Jackson unemployment was already around 25% before the NIRA, so arguing that the wage inflation made the unemployment 25% greater than it shoud be is false, because it was already at that level before the NIRA was passed, it fell during the peirod that the NIRA was in effect.
Actually there is always an alternative, the biggest one is called not consuming, which people were already not doing, the fact is if prices were fixed at a lelvel that the consumer would not bear there was aleways the option of not consuming, things like steel for example is not something that most people need immediately, as steel is a durable good and one can hold off on purchasing a durable good. If the action of the NIRA had been long term, you might have a good argument, but the period it was in effect was too small, to have any real effect.
No, you're right not all government intervention has the same effect, but the intervention of the New Deal did not prolong or cause or make the Depression worse. It was rather that the new deal wasn't large enough and wasn't followed through for as long as it should have been that was the problem
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)







