mrstickball on 09 May 2010
Not only that, the end of WW2 brought the end of the Smoot-Hawley act that destroyed America's international trade starting in 1930. I've already made the case that the act caused a disproportionate amount of devastation as opposed to anything else...
And for the record, that was a government act...Far from Keynesian theories on the economy. Deficit spending can not always fix the underlying problem.
For example, the housing bust in 2008 can be traced back to the CRA of 1999 signed under Clinton, which artificially inflated demand for houses. That had nothing to do with monetary policy, nor spending.
Back from the dead, I'm afraid.
