Here is a short film from 1933 describing how FDR’s new inflation policy will help end the depression in no time!!….oh wait….see this post.
Archive for February, 2009
Old Pro-Inflation Film
Saturday, February 28th, 2009Housing Prices, still a ways to go?
Sunday, February 22nd, 2009This chart, taken from this article, shows we may still have another big fall in prices until homes are accurately valued.
Rick Santelli Calling for a New Tea Party
Thursday, February 19th, 2009Ron Paul asks what if…
Friday, February 13th, 2009New New Deal?
Wednesday, February 11th, 2009When questioned about his new stimulus package this week, Obama responded..
Some of the criticisms really are with the basic idea that government should intervene at all in this moment of crisis. You have some people, very sincere, who philosophically just think the government has no business interfering in the marketplace.
And in fact there are several who have suggested that FDR was wrong to intervene back in the New Deal. They’re fighting battles that I thought were resolved a pretty long time ago.
Well let’s take another look at the original New Deal…
Unemployment: 1939- 17.2%
Per Capita GDP: 1939-$847 1929-$857
Personal Consumption Expenditures:
1939-$67.6 billion 1929-$78.9 billion
Net private investment was minus $3.1 billion from 1930–1940
Full article here