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Subject:  Re: Cashing In On A Massacre Date:  1/6/2013  10:12 PM
Author:  MadCapitalist Number:  664767 of 876394

Furthermore, spending was increased *massively* from 1929 to 1932,...

Uh, table 1 disagrees with your assertion. Spending increased modestly, as it had before. The "massive" increases started in 1932 (and receipts dropped through the floor).

Dude, seriously?

From 1929 to 1932, spending increased 49% during a period of *massive* deflation.

The funny thing is that spending increased only 37.6% in the subsequent 3 years from 1932 to 1935, a period of inflation. So spending increased at a *far* greater rate under Hoover than under FDR.
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