But that's the point you seem to be missing and they missed, the fact is without the intervention they would have been out of work, the fact that they were working less has nothing to do with the government intervention it has to do with the Great Depression, the overnment intervention saved these people from having nothing. SO their argument that the new Del didn't resteor employment is garbage. When given a choice of no intervention and no work and intervention and sone work they took the work. Having full employment required massive government intervention called WW2. Hence why the New deal just wasn't big enough.
Wrong the study doesn't show anything, the unemployment was already there before the wage inflation and collusion, they're trying to blame the New Deal after the fact, the unemployment was already 23.6, before FDR was elected so arguing that the New Deal caused it is false.
It was 23.6 before the wage inflation, how would it be 19%? It fell to below 17% because of the government intervention of the New Deal in his first term
Again Durable good can be put off for a time, and not consumed, hence the concern that cartels could force people to pay more is false.
Your arguments that it was prolonged is based on faulty reasoning, first you say that unemployment was raised to 25% by the wage inflation, and would have been 19%., false, it was over 23.6 when FDR was elected, and probably near 25% when he was actually inaugurated, sothe fact was wage inflation did nothing, in fact during the time the NIRA was in effect unemployment dropped to below 17%, so your argument has no basis, since your figures don't gel with what actually happened.
You assume that they could force people to pay more for durable goods with a short term of two years and hur the economy, durable good are goods that can be put off for later, and the NIRA only asted two years, not enough time to have an effect on the economy when you are talking about goods that aren't immediately replaced.
The fact is that Historical facts prove yours and their's argument false, unemployment was higher than 19% (over 23.6) before the wage inflation and cartels, and fell below 19% (below 17%), during the time that the NIRA was in effect. This shows that recovery was better than your estimates, and that the policies did not prlong the depression.
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)







