Help me discuss why the New Deal was not a success

[hugolp]

Hi

I am debating with a guy why the New Deal was not a success. He is saying that the GDP grew under Rooselvelt. I suspect it has to do a lot with goverment spending through debt expansion and inflation. Where can I find the numbers to answer?

Thanks

Hugo

[Truth Warrior]

FDR SCANDAL PAGE
http://www.geocities.com/Pentagon/6315/fdr.html (http://www.geocities.com/Pentagon/6315/fdr.html)

[MrNick]

This debate has come up quite a bit in my college classes.

[Truth Warrior]

This debate has come up quite a bit in my college classes. I knew that the new "brainwashed" socialists just had to be coming from somewhere. ;) :rolleyes:

[Pennsylvania]

This debate has come up quite a bit in my college classes.

It's come up quite a bit on this forum too :D

[hugolp]

FDR SCANDAL PAGE
http://www.geocities.com/Pentagon/6315/fdr.html (http://www.geocities.com/Pentagon/6315/fdr.html)

Thanks, but I was looking just for raw economic data.

Hugo

[Truth Warrior]

Thanks, but I was looking just for raw economic data.

Hugo If he's a Keynesian he'll probably just kick your butt with it. ;) Play a "different" game. :)

[Acala]

The GDP is not an accurate measure of economic prosperity. For one thing, it includes government spending. It is also not properly adjusted for inflation.

[Truth Warrior]

Bernanke: Federal Reserve caused Great Depression
Fed chief says, 'We did it. very sorry, won't do it again'
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59405 (http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59405)

[hugolp]

The GDP is not an accurate measure of economic prosperity. For one thing, it includes government spending. It is also not properly adjusted for inflation.

Yes, thats exaclty why Im looking for the numbers.

Hugo

[theoakman]

Hi

I am debating with a guy why the New Deal was not a success. He is saying that the GDP grew under Rooselvelt. I suspect it has to do a lot with goverment spending through debt expansion and inflation. Where can I find the numbers to answer?

Thanks

Hugo

the New Deal started in 1933. If it was such a success, why wasn't the depression over for another 10 years?

[amonasro]

I posted a paper here (http://www.ronpaulforums.com/showthread.php?t=178995) that goes over some of the New Deal programs and why there were unsuccessful. It's a great read--short and very informative.

[shocker315]

Explain that the Depression only ended when savings (the real measure of wealth) increased. Not government spending (GDP). Savings increased because citizens withheld spending and rationed goods and services during WW2. Thus...(when they did spend after government ended that war)...they did so out of their own savings rather than going into DEBT through borrowing from a bank.

A recession happens when there is too much debt. It is natural market forces working to encourage savings, (people spend less, thus savings grow) as explained by Schiff dozens of times. If taxes are cut savings can grow even more rapidly. Governments don't want the recession to happen and ecourage more debt financed spending to maintain the boom, thus they make it worse in the long run (depression).

http://www.maxgladwell.com/wp-content/uploads/2008/07/personal_savings_rate_1.jpg

[theoakman]

Explain that the Depression only ended when savings (the real measure of wealth) increased. Not government spending (GDP). Savings increased because citizens withheld spending and rationed goods and services during WW2. Thus...(when they did spend after government ended that war)...they did so out of their own savings rather than going into DEBT through borrowing from a bank.

A recession happens when there is too much debt. It is natural market forces working to encourage savings, (people spend less, thus savings grow) as explained by Schiff dozens of times. If taxes are cut savings can grow even more rapidly. Governments don't want the recession to happen and ecourage more debt financed spending to maintain the boom, thus they make it worse in the long run (depression).

http://www.maxgladwell.com/wp-content/uploads/2008/07/personal_savings_rate_1.jpg

nonsense, evil savers destroy an economy. How dare you save money to spend it on a later date!

[hugolp]

I posted a paper here (http://www.ronpaulforums.com/showthread.php?t=178995) that goes over some of the New Deal programs and why there were unsuccessful. It's a great read--short and very informative.

Thanks, I used some of the data in your paper to answer.


Explain that the Depression only ended when savings (the real measure of wealth) increased. Not government spending (GDP). Savings increased because citizens withheld spending and rationed goods and services during WW2. Thus...(when they did spend after government ended that war)...they did so out of their own savings rather than going into DEBT through borrowing from a bank.

A recession happens when there is too much debt. It is natural market forces working to encourage savings, (people spend less, thus savings grow) as explained by Schiff dozens of times. If taxes are cut savings can grow even more rapidly. Governments don't want the recession to happen and ecourage more debt financed spending to maintain the boom, thus they make it worse in the long run (depression).

http://www.maxgladwell.com/wp-conten...ngs_rate_1.jpg

I used your graph as well, very convincing.


nonsense, evil savers destroy an economy. How dare you save money to spend it on a later date!

I know, fucking chinese fucking the world economy with their savings... :rolleyes:

Hugo