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Iwog won't let me post on his thread because he is a pussy
2014 Sep 9, 1:34am 1,392 views 6 comments
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Do some research on your own, these are verified facts. State/Local government expenditures increased throught the 20s. Taxes were lowered. Credit policies were loose.
Google is your friend.
Unemployment 4% and under from 1925 onward, yet highest marginal tax rate lowered to 25% from 46%.
Tenpoundbass
2014 Sep 9, 2:56am
I bet Howard the Duck would have been a blockbuster movie worldwide had it been made today. With today's actors and movie techniques. Using the same shitty story that made it a flop in the first place though.
indigenous
2014 Sep 9, 4:19am
The link you made regarding state spending is ambiguous because spending at the local level is best anyway:
Government Spending and
Expenditures (in %)
The money supply was increased in the 1920's which contributed to the stock market bubble.
The link you made regarding state spending is ambiguous because spending at the local level is best anyway:
Government Spending and
Expenditures (in %)
The money supply was increased in the 1920's which contributed to the stock market bubble.
2 blind assertions does not a counterargument make.
1. Describe HOW and WHY government spending is best at the local level. Use real examples.
2. Please support HOW the increase in money supply contributed to the stock market bubble. Feel free to use math.
And finally, explain how that chart is ambiguous. State and local spending went up as a % of GNP, Federal spending went down. Thats pretty clear.
indigenous
2014 Sep 9, 11:07am
or because you're an asshole?
Clearly between the 3 of us, I'm the asshole, who always resorts to the pejorative ad hominem. That makes sense.
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indigenous says
The reason is that silent Cal did nothing to fix it, in fact he cut government spending by a bunch.
Ummm....
1. Shifting infrastructure burden to state and local governments - caused municipal bankruptcies during the early 1930s.
2. Cutting taxes to promote profit taking and speculation.
3. Promoting loose credit policies in the face of overheated markets.
These are Harding / Coolidge policies that CAUSED the Great Depression.
Citations? This is the first I have heard of this.