TIP: Click on subject to list as thread! ANSI
echo: crossfire
to: Bob Ackley
from: Bob Klahn
date: 2008-08-15 18:07:00
subject: War is a racket

BA> Some of his ideas may have helped a bit, but most people
 BA> knowledgeable about such things seem to think that overall
 BA> his actions prolonged and exacerbated the Depression.

 Always remember one thing. The people who make such claims are
 people who did not need the programs, or people today who expect
 they will never need such programs.

 Just like economists who argue we are not in a recession are
 inevitably economists who are not out of work.

 As they say, a downturn is when the neighbor is out of work, a
 recession is when you are out of work, a depression is when I am
 out of work.

 Ok, I expanded that one a bit.

 Some years back a South American country had a serious
 recession. A lot of economists lost their jobs.

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

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