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RPGWatch Forums » General Forums » Politics & Religion » The New Deal prolonged the depression!

Default The New Deal prolonged the depression!

June 5th, 2009, 09:07
Since I don't know that much about the depression (it was caused by pepole spending tons of money they didn't have on things that weren't real, or something like that) and even less about economy I don't know how to respond to that statement. Some help from the more knowing on the forum, please?

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June 5th, 2009, 10:06
Originally Posted by Ubereil View Post
Since I don't know that much about the depression (it was caused by pepole spending tons of money they didn't have on things that weren't real, or something like that) and even less about economy I don't know how to respond to that statement. Some help from the more knowing on the forum, please?
Ugh, that's a common meme in the right-wing blogosphere. It's not true, though, but unfortunately it's one of the things V7 was talking about in his Analyzing Arguments thread. IOW, the real explanation is complex, requires a grasp of non-trivial economic theory and history, and examination of a non-trivial amount of data.

The shortest halfway intelligible explanation I can find is here: [ http://krugman.blogs.nytimes.com/200…eal-economics/ ].
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June 5th, 2009, 13:58
How about this?

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