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View Diary: The Great Depression Pt. IV (187 comments)

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  •  I don't want to double up (0+ / 0-)

    And I don't want my kids to become hobos either.

    That is why we need to turn the economy around with timely, targeted, temporary stimulus to consumer spending on cars and houses, as Keynes said.

    FDR ignored Keynes in 1937 and tried to balance the budget when Keynes was advocating more spending for a full employment budget.  FDR made a lot of mistakes and listened to the wrong people, just like Obama is doing now.

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