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.