I was commenting on a post on KnoxViews.com tonight, and it occurred to me to make a simplified chart of the depression era showing how government spending does not equate to economic stimulus for the economy. Here’s part of my comment and the new chart. A popular misconception is that Hoover cut spending and Franklin [...]
Filed under: Economy, Political | Tagged: Debt, depression, economic theory, FDR, hoover, national debt, new deal Keynesian | Leave a Comment »
