Lakshmi Rhone wrote: >> I understand that in a slump that the extent to which stimulus works as pump >> priming may prove to be surprisingly weak. Dudley Dillard showed this to be >> in the case of The Great Depression<<
Doug Henwood wrote: > In the U.S., GDP growth averaged almost 10% from 1934-37 and the unemployment > rate fell by almost 15 points. If that's ineffective, I don't know what your > idea of effective is, Rakesh.< also, as E. Cary Brown showed, fiscal stimulus was pretty weak during this period, being mostly restricted to balanced-budget stimulus. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
