Yes, and much of construction and machinery spending showed up in the statistics as government spending, rather than "investment." So the national accounts are distorted in two important ways.
On Dec 26, 2011, at 5:59 AM, Louis Proyect wrote: > http://www.bloomberg.com/news/2011-12-16/how-did-world-war-ii-end-the-great-depression-echoes.html > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
