Wednesday, August 18, 2010

FDR's stimulus program worked great and got us out of the depression

Yglesias discusses it, and disagrees with me.

I think:

FDR built asphalt and gravel roads, 500,000 miles of them according to a reference I now forget.  At the time the economy looked to central government for transportation, maybe a bad mistake by the economy, but it was an expectation that came out of central government's role in railroads.  It worked until 1936, when the fascist uprising caused a double dip.

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