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To: Pelham
In postwar America the government’s percentage of GDP has ranged from around 18% to maybe 22%, with Obama taking it higher. By contrast the percentage of GDP spent by the Hoover and FDR administrations was maybe half of that. I’ve seen it listed as low as 6% of GDP to 12%

I don't think you understood my point. It was more than this GDP stuff, but the government meddling itself.

You disagree that the Federal Reserve caused the 1929 crash; however, Conservative and Libertarian sources take issue with you. Maybe they're wrong and John Kenneth Galbraith is right about the 1929 crash. Maybe you should be on a different website.

28 posted on 07/25/2011 12:37:41 PM PDT by Stepan12 (Palin & Bolton in 2012)
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To: Stepan12

“You disagree that the Federal Reserve caused the 1929 crash; however, Conservative and Libertarian sources take issue with you.”

I cited Milton Friedman and Anna Schwartz’ opinion from their Monetary History of the United States and Schumpeter’s writing on the Depression.

“Maybe you should be on a different website.”

Or maybe you should get an education instead of trying to play thread monitor, junior.

Joseph Schumpeter, Milton Friedman and Anna Schwartz could only sound like JK Galbraith to an ignoramus. Their conservative and libertarian credentials are well established.


29 posted on 07/26/2011 10:16:16 AM PDT by Pelham (Islam. The original Evil Empire)
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