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To: Uncle Miltie

Milton Berle....

Because your lack of facts debating whether Smoot casued/continued the Great Depression surely would rule out Milton Friedman....


53 posted on 02/04/2009 3:37:07 PM PST by UCFRoadWarrior (The Threat To Our Soverignty Is Rampant Economic Anti-Americanism)
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To: UCFRoadWarrior
"your lack of facts"

Dude. Seriously.

"whether Smoot casued/continued the Great Depression"

I have never argued Smoot caused the Depression.

You accused me of being monofocused on trade. You are wrong. You can review my posts on FR for examples of Fiscal, Monetary, Micro, Macro, and other economic principles. You are wrong making suppositions about me, ones which are easily checked. It goes to show the weakness of your regimen before believing in anything that crosses your nose, like protectionism.

57 posted on 02/04/2009 3:40:37 PM PST by Uncle Miltie (Congress declares a National Dividend in the amount of $9,000 per taxpayer instead of Porkulus.)
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To: UCFRoadWarrior
Are these the "facts" the chart you can't manage to post was going to give us?

In 1929, GDP was $103 billion. Exports were $5.9 billion while imports totaled $5.6 billion. In 1930, GDP was $91 billion. Exports were $4.4 billion and imports $4.1 billion. In 1931, GDP was $76 billion; exports $3 billion; imports $2.9 billion. In '32 GDP was $58 billion while exports and imports together totaled $4 billion.

Do you still want to stick by your earlier claim that trade only accounted for 2% of our GDP during the depression? You're uniquely unqualified to be lecturing anyone about "facts."

GDP had fallen from $103 billion in 1929 to just $56 billion by 1933. Exports were just $2 billion and imports $1.9 billion in 1933. Yeah, the collapse in trade had nothing to do with making the depression deeper and longer. Is that what you're really trying to sell here? Friedman and Sowell are wrong and you're (the guy who thinks $4 billion is 2% of $58 billion) right on this issue?

LOL!

83 posted on 02/04/2009 4:05:56 PM PST by Mase (Save me from the people who would save me from myself!)
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