Showing posts with label FDR great stimulator. Show all posts
Showing posts with label FDR great stimulator. Show all posts

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.