Professional Soldiers ® - View Single Post - WWII spending did not end the Great Depression

USANick7 · 07-25-2012, 12:10

http://culpeperrepublican.com/2012/0...acies-smashed/

I always found this to be an interesting argument from the left...as if unlimited government spending, even if the money isn't really there, can save the economy. Do they really think that the laws that govern economics at the micro level don't apply at the macro level?

Paul Krugman's popularity can only be explained in my mind by the fact that he does a fair job of dressing up failed economic theory/policy. I would have understood had he won the Nobel Prize for Sophistry...but Economics?

07-25-2012, 12:10	#1
USANick7 Quiet Professional Join Date: May 2008 Location: Northern Virginia Posts: 288	WWII spending did not end the Great Depression http://culpeperrepublican.com/2012/0...acies-smashed/ I always found this to be an interesting argument from the left...as if unlimited government spending, even if the money isn't really there, can save the economy. Do they really think that the laws that govern economics at the micro level don't apply at the macro level? Paul Krugman's popularity can only be explained in my mind by the fact that he does a fair job of dressing up failed economic theory/policy. I would have understood had he won the Nobel Prize for Sophistry...but Economics?
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