meganmcardle.theatlantic.com - 2/19/2009
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One more point that's worth making about all of this: discussing fiscal stimulus is not the same as arguing whether FDR prolonged the Great Depression, or shortened it--a very complicated discussion I'm not prepared to have right now. When you ask whether fiscal stimulus shortened the Great ...
forbes.com - 2/13/2009
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forbes.com —
One reason why Republicans strenuously oppose the Obama
administration's fiscal stimulus plan is because it repeats the...
errors of Franklin D. Roosevelt. To them, the New Deal was mainly about vastly expanding government spending and deficits, which ...
(more)
The Real Lesson Of The New Deal
corner.nationalreview.com - 2/16/2009
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corner.nationalreview.com —
I'm sort of in-between Jim Powell and Bruce
Bartlett on this. Despite their successes in the news...
cycle, I think Congressional Republicans made significant mistakes in how they attacked the stimulus bill. First, their recently discovered hatred for ...
(more)
Stimulating the Economy & The New Deal
corner.nationalreview.com - 2/18/2009
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corner.nationalreview.com —
I just read Jonathan Alter's The Defining Moment.
It's very well done--a brisk read, displaying a journalist's...
eye for telling and memorable details. But regarding some of the thoughts Jonah has been posting in here on the New Deal, it has this ...
(more)
More New Deal
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Whence and Whither the Depression?
Dean's World —
Megan McArdle has been wading into the debate over how much we should credit the fiscal stimulus component of the New Deal for ending the Great Depression.
In the first of her articles, she makes a very interesting point:
There are a whole lot of theories out there, but with an “n” of 1, no overwhelming evidence in favor of any of them.
There *was* only one Great Depression of the 1930s, so it’s hard to draw conclusions from it. If you only have a single data point, you can draw an infinite number ...
Jane Galt Rants:
The Volokh Conspiracy —
[ Jonathan Adler , February 19, 2009 at 6:36pm ] Trackbacks Jane Galt Rants: Megan McArdle is on a roll discussing what we do, and do not, know about what really ended the Great Depression. See here , here and here . These posts remind me why she is one of my favorite bloggers.
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