How Government Stimulus Caused the Great Depression


All through the Roaring Twenties, government spending declined, letting the economy grow. Immediately upon entering office, Hoover began increasing spending and regulation, stagnating the US economy, a pattern followed by the next two presidents. The economy did not truly recover until that behavior ended, with the revolt against Truman in 1946.

About kazvorpal
Polyamorous, libertarian heinleiner. ENTP, student of traditional Shaolin kung fu, writer, cunning linguist.

4 Responses to How Government Stimulus Caused the Great Depression

  1. Pingback: The Truth about Income Inequality « But Now You Know

  2. jdseanjd says:

    I do hate long-winded explanations.

    Heinlein for President, he’d have abolished the lot.

    Ron Paul for President of an independent Texas.

    What’s ENTP?

    Regards,

    JD.
    :)

    • kazvorpal says:

      ENTP is a personality type in the Myers-Briggs scale.
      http://www.typelogic.com/entp.html

      • jdseanjd says:

        Thank you.
        :)
        JD.

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