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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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Markets plummet on Republican obstructionism
On Dec 3, 9:55*pm, Hawke wrote:
By the way, most economists disagree with their thesis. Got any _facts_ to back up that assertion, Dave? Why, yes I do, Johnny! In a survey of economic historians conducted by Robert Whaples, Professor of Economics at Wake Forest University, Whaples sent out anonymous questionnaires to members of the Economic History Association. Members were asked to either disagree, agree, or agree with provisos with the statement that read: "Taken as a whole, government policies of the New Deal served to lengthen and deepen the Great Depression." But Professor Whaples survey said " Taken as a whole " . I would have disagreed with that statement as some of the government polices served to shorten the Great Depression and taken as a whole the government polices did not serve to lengthen and deepen the Great Depression. However some of the government policies probably caused the recession of 1937 - 1938. See bit copied from WIKI In June 1937, the Roosevelt administration cut spending and increased taxation in an attempt to balance the federal budget.[88] The American economy then took a sharp downturn, lasting for 13 months through most of 1938. Industrial production fell almost 30 per cent within a few months and production of durable goods fell even faster. Unemployment jumped from 14.3% in 1937 to 19.0% in 1938, rising from 5 million to more than 12 million in early 1938.[89] Manufacturing output fell by 37% from the 1937 peak and was back to 1934 levels.[90] Producers reduced their expenditures on durable goods, and inventories declined, but personal income was only 15% lower than it had been at the peak in 1937. As unemployment rose, consumers' expenditures declined, leading to further cutbacks in production If Wiki says this, then it looks as if most economist agree with Harold L. Cole and Lee E. Ohanian. Dan |
#2
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Markets plummet on Republican obstructionism
On Sat, 3 Dec 2011 19:55:19 -0800 (PST), "
wrote: In a survey of economic historians conducted by Robert Whaples, Professor of Economics at Wake Forest University, Whaples sent out anonymous questionnaires to members of the Economic History Association. Members were asked to either disagree, agree, or agree with provisos with the statement that read: "Taken as a whole, government policies of the New Deal served to lengthen and deepen the Great Depression." But Professor Whaples survey said " Taken as a whole " . I would have disagreed with that statement as some of the government polices served to shorten the Great Depression and taken as a whole the government polices did not serve to lengthen and deepen the Great Depression. Actually..they did lengthen and deepen the GD. History cannot be changed. One could not be a successful Leftwinger without realizing that, in contrast to the popular conception supported by newspapers and mothers of Leftwingers, a goodly number of Leftwingers are not only narrow-minded and dull, but also just stupid. Gunner Asch |
#3
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Markets plummet on Republican obstructionism
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#4
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Markets plummet on Republican obstructionism
On Dec 6, 3:06*pm, Hawke wrote:
Maybe you didn't understand what the Wake Forest study found. Majorities of economists did not agree with Ohanian and Cole. The view they have is not what most economists believe. Not only that Wiki is not a reliable source for any kind of citation, since it's factually wrong very frequently. Hawke Maybe you do not understand. FDR did a lot of different things. Some of them shortened the depression , some prolonged the depression. The Wake Forest study says " taken as a whole ". So one can agree with Ohanian and Cole and still say that taken as a whole, FDR did not prolong the depression. However most economists agree that what FDR did in around 1937 did prolong the depression. Wiki is a much more reliable source than you are. Dan |
#5
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Markets plummet on Republican obstructionism
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