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#331
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OT NY Times Story on Pilot Population Decline
Matt Barrow wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Montblack wrote: ("601XL Builder" wrote) FDR's "New Deal" didn't pull the US out of the depression. WWII did. My understanding of Depression era events hold that 'recovery'(?) was well underway by mid 1939. ...depending, of course, what yardstick you use. Montblack A recovery had indeed started by '39. But military production for sale, lend and lease started before that. It is also not 100% clear that the recovery would have held had the war not happened. http://www.mises.org/fullstory.asp?control=1262 The government generally can't spend a country out of an economic downturn without long term negative effects. Historically the one exception to this is military spending. Since it tends to build both a nations economic and political position. The one glaring example where this wasn't true was the USSR 1980s. One where it was true is the USA 1980s. That's "Myth #3". You are going to have to explain that. III in the the link you posted was talking about wages. |
#332
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OT NY Times Story on Pilot Population Decline
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Matt Barrow wrote: A recovery had indeed started by '39. But military production for sale, lend and lease started before that. It is also not 100% clear that the recovery would have held had the war not happened. http://www.mises.org/fullstory.asp?control=1262 The government generally can't spend a country out of an economic downturn without long term negative effects. Historically the one exception to this is military spending. Since it tends to build both a nations economic and political position. The one glaring example where this wasn't true was the USSR 1980s. One where it was true is the USA 1980s. That's "Myth #3". You are going to have to explain that. III in the the link you posted was talking about wages. The myths I'm talking about are not in the link above. The first three myths a Myth #1: The consumer is two-thirds of the economy: as long as she is spending, we can avoid recession. (Hint: Production (and only production), is 100% of the economy) Myth #2: Lower interest rates and easy credit will promote recovery. Myth #3: Government spending can promote growth. #3 includes military spending. I don't know what "historically" you are talking about, because the 1980's in the US military spending DID smother the Soviet Union, but it certainly did NOT build our economy. There were four big REAL (not inflation driven numbers) spurts in the US economy in the last 105 years: 1922, 1962, 1982, and 2003. Can you see a pattern in those dates? -- Matt Barrow Performace Homes, LLC. Cheyenne, WY |
#333
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OT NY Times Story on Pilot Population Decline
Matt Barrow wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Matt Barrow wrote: A recovery had indeed started by '39. But military production for sale, lend and lease started before that. It is also not 100% clear that the recovery would have held had the war not happened. http://www.mises.org/fullstory.asp?control=1262 The government generally can't spend a country out of an economic downturn without long term negative effects. Historically the one exception to this is military spending. Since it tends to build both a nations economic and political position. The one glaring example where this wasn't true was the USSR 1980s. One where it was true is the USA 1980s. That's "Myth #3". You are going to have to explain that. III in the the link you posted was talking about wages. The myths I'm talking about are not in the link above. The first three myths a Myth #1: The consumer is two-thirds of the economy: as long as she is spending, we can avoid recession. (Hint: Production (and only production), is 100% of the economy) Myth #2: Lower interest rates and easy credit will promote recovery. Myth #3: Government spending can promote growth. #3 includes military spending. I don't know what "historically" you are talking about, because the 1980's in the US military spending DID smother the Soviet Union, but it certainly did NOT build our economy. There were four big REAL (not inflation driven numbers) spurts in the US economy in the last 105 years: 1922, 1962, 1982, and 2003. Can you see a pattern in those dates? Tax cuts probably. What I probably should have written is that historically military spending does not damage the economy as much as other government spending. I read a paper years ago showing some metrics that basically proved out that since military spending, especially on the hardware side, creates so many high paying jobs and develops so many offshoots into the country's civilian economy that it offsets most of the negatives normally associated with government spending. That is an incredible simplification of what was about a 100 page paper but you get the idea. |
#334
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OT NY Times Story on Pilot Population Decline
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... There were four big REAL (not inflation driven numbers) spurts in the US economy in the last 105 years: 1922, 1962, 1982, and 2003. Can you see a pattern in those dates? Tax cuts probably. Exactly. Find a graph of real economic growth and the trends are unmistakable. (I have one in a book but not a web-based one...sorry). What I probably should have written is that historically military spending does not damage the economy as much as other government spending. I read a paper years ago showing some metrics that basically proved out that since military spending, especially on the hardware side, creates so many high paying jobs and develops so many offshoots into the country's civilian economy that it offsets most of the negatives normally associated with government spending. That is an incredible simplification of what was about a 100 page paper but you get the idea. Military spending is still a drain on an economy. It uses resources that would be allocated elsewhere (see Bastiat's "Fallacy of the Broken Window" essay at http://en.wikipedia.org/wiki/Broken_window_fallacy). It is, however, one of the facts of reality that free humans must endure. |
#335
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NY Times Story on Pilot Population Decline
"Larry Dighera" wrote in message ... But the nation wouldn't be guaranteed that you wouldn't become a bourdon in your years of retirement, if your choice of retirement plan turned out the way it did for Enron employees. The nation does not need that guarantee. |
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