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|Subject: Re: Cashing In On A Massacre||Date: 1/6/2013 10:12 PM|
|Author: MadCapitalist||Number: 664767 of 846964|
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).
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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