Iriemon

A dodge was probably your best move for that question.

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Matthew 5:9

Iriemon

And dodging was your best bet for these questions too. When you don't have an argument, it's about the only tactic you have.

Unless you were upfront enough just to admit you're wrong.

ARealConservative

cute.

You failed to refute my criticism of GDP as a poor indicator of recessionary recovery. you dodged it infact.

ARealConservative

I linked to serious scholars in this very thread, so he clearly has no interest in understanding conservative positions

ARealConservative

Nice dodge here too.

I wasn't alive then, so posting facts about massive job loss directly caused by central planners isn't anecdotal evidence, it is tangible. And pointing out how I don't have a "Fuhrer" and it is a partisan hack smear isn't a personal attack on you in the least.

I know you love to use emotionally charged words like hoarding to describe savings and fiscal responsibility but it is pretty sad to do so.

allsogreat

Well Areal?Conservative?......I will probably vote Libertarian in spite of your views....you really should go back and read your own arguments .... just to see how shallow they are.........

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Iriemon

What your posted are not facts proving your claim that the New Deal made the economy worse.

The mechanism suggested by Friedman and Schwartz was that people wanted to hold more money than the Federal Reserve was supplying. As a result people hoarded money by consuming less.

Causes of the Great Depression - Wikipedia, the free encyclopedia

Rothbard argues that this was because the American populace lost faith in the banking system and began hoarding more cash, a factor very much beyond the control of the Central Bank.

Causes of the Great Depression - Wikipedia, the free encyclopedia

Moreover, afraid to leave their funds in banks, people hoarded cash, for example by burying their savings in coffee cans in the back yard. Hoarding effectively removed money from circulation, adding further to the deflationary pressures.

FRB: Speech, Bernanke--Money, Gold, and the Great Depression --March 2, 2004

In the 1930s, people would hoard money rather than keep it in the banking system,

BBC NEWS | Business | What would financial Armageddon look like?

The Fed's expansionary policy was impotent because of a weird, non-Keynesian liquidity trap situation where, due to public distrust and the Fed's "let them fail" policy toward banks, all monetary expansions ended up hoarded as people and banks awaited better economic conditions.

Liberty - Did the Fed Cause the Depression?

The government could do this by reducing taxes, but this would not be effective in a situation in which people were simply hoarding all of the money they could.

Articles: Great Depression - Historical Text Archive

Banks and businesses went bust and people tried to hoard their money rather than invest or spend it, further slowing the economy.

Great Depression: The Account of a Survivor

Tragic.

ARealConservative

No Iremon, it is a fact that FDR chose to destroy food causing supply to go down and prices to go up. It is a fact that these things increase hunger and famine.

It is a fact that people lost jobs because of his programs, and it is a fact that the aid did go more heavily to the East and West and ignored some of the hardest hit places in the south.

You don't want to acknowledge these facts, that is your choice but the genie is out of the bottle

ARealConservative

It isn't shallow to point out that GDP uses government spending in its calculation.

I'm sorry that you feel the need to apologize for FDR - central planning has no role in conservatism. Sorry to say that to you as well.