“the GDP figures totally refute his claim”
I know you did not make this statement...but you appear to be wise in the ways of Econ 101.
Isn’t governemnt spending a part of the Gross Domestic Product? Wouldn’t increased gov’t spending in the 1930s be a (significant) factor in WHY the GDP continued to increase despite Smoot Hawley?
Dude. You rock.
Though, Keynesianism is dead. So I’d have to think about that more than I want to right now. Getting close to Miller Time.