Krugman rips von Mises up one side & down the other

Huh?

What the fuck did we do between 1933 and 1940?

Your low class vulgarity does not make your argument impressive. Instead it reveals your bad breeding and poor education.

The unemployment rate in 1933 was 24.9%.

The Great Depression Statistics

In 1940 the unemployment rate 14.6 %.

United States Unemployment Rate 1920 ndash 2013 Infoplease.com

In 1933 the per capita gross domestic product in 1996 dollars was $4,804. In 1940 this had grown to $7,423.

Singularity is Near -SIN Graph - Per-Capita GDP

So your stupid system gave us an average 20% UE for 8 years which was only finally alleviated once Hitler conquered France and our entrance in WWII all but certain

FDR: Biggest economic Failure since the 7 Biblical Lean Years
 
Although I am glad that the United States entered World War II, if the government had spent the money on the public sector of the economy, the benefits would have been greater.

Econ 101 dear, govt spending stimulates, and the taxing necessary for the govt spending destimulates so no net benefit is possible.

Welcome to Econ 101 class one day one. Why not try college before you post here always making a fool of yourself?
 
When President Roosevelt died in 1944 the unemployment rate had declined from 23.6 percent in 1932 to 1.2 percent.

dear, that is becuase millions of soldiers are not considered unemployed!! Anybody can start a war and drop unemployment to 0%.

See why we say liberalism is based in pure ignorance?

I have already pointed this out. Military spending and employment is government spending and employment. Although I am glad that the United States entered World War II, if the government had spent the money on the public sector of the economy, the benefits would have been greater.

Please show us with numbers how you would have expected this to be the case.
 
When President Roosevelt died in 1944 the unemployment rate had declined from 23.6 percent in 1932 to 1.2 percent.

dear, that is becuase millions of soldiers are not considered unemployed!! Anybody can start a war and drop unemployment to 0%.

See why we say liberalism is based in pure ignorance?

I have already pointed this out. Military spending and employment is government spending and employment. Although I am glad that the United States entered World War II, if the government had spent the money on the public sector of the economy, the benefits would have been greater.

100% impossible of course since when govt spends $1 it takes it from the private sector which then cant spend the $1. No net benefit is possible.

Govt pretends when they spend the $1 it is magically stimulative only to pander to the pure ignorance of liberals who are no smarter than the liberals who belived in Hitler Stalin Mao and Tojo.
Ignorance is normal among human beings.
 
Dispatching rw economists in his spare time: :up: like shootin' fish in a barrell :cool:

http://krugman.blogs.nytimes.com/2014/07/30/useless-expertise/?module=BlogPost-Title&version=Blog Main&contentCollection=Opinion&action=Click&pgtype=Blogs&region=Body

Ludwig von Mises - Wikipedia, the free encyclopedia
Economic historian Bruce Caldwell writes that in the mid-20th century, with the ascendance of positivism and Keynesianism, Mises came to be regarded by many as the "archetypal 'unscientific' economist." In a 1957 review of his book The Anti-Capitalistic Mentality, The Economist said of von Mises: "Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard." Conservative commentator Whittaker Chambers published a similarly negative review of that book in the National Review, stating that Mises's thesis that anti-capitalist sentiment was rooted in "envy" epitomized "know-nothing conservatism" at its "know-nothingest."

Whittaker Chambers also dispatched Ayn Rand's scrivenings as well :laugh:
^ a reminder why von Mises fan boys aren't taken seriously
 
In 1933 the per capita gross domestic product in 1996 dollars was $4,804. In 1940 this had grown to $7,423.

Singularity is Near -SIN Graph - Per-Capita GDP

What was the per capita GDP in 1996 dollars 1929?

This chart shows that in 1940 the per capita GDP was virtually the same as it was in 1929. That means no economic growth after 11 years.

Great record.

2000px-GDP_depression.svg.png
 

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