Rudy Fichtenbaum writes: >> During the depression the unemployment rate peeked around 25% in 1933. >> It went down to 15% in 1937. From 1933 to 1936 real federal spending >> increased increased 100%. (I am looking at index numbers for the >> quantity of real GDP). Presumable the increase was associated with the >> New Deal spending and it seems to have worked.
Why do you presume the correlation equals causation? David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
