“since the new deal and Keynesianism failed to end the great depression” That’s patently and demonstrably not true. Government spending during WW2 put people to work, put money in their pockets, stimulated private spending and investment, created demand for more products, created the middle class a…

My argument is that capital was not invested during WW2 but destroyed. And the value of the Dow Jones reflects this. The economy really started to recover when the massive spending in WW2 ended in 1945. But the value of capital did not return to its 1929 levels until November of 1953. That is 24 yea…

There are two honest ways to answer these questions: WW2 did not end the Depression. The value of the Dow Jones in 1929 was really a paper value and did not reflect the economy. I would respond: But there was massive money printing during the Depression and even more during WW2 so if the value…

I still dunno where people get the “total war = prosperity” idea from. Did they forget about all the: rationing, shortages, price and wage controls, increased taxation, increased debt, death and destruction etc. etc?

Note that pointing to post-war prosperity versus pre-war privation doesn’t prove anything unless he also shows that this prosperity was not a result of war spoils which the Allies enjoyed through the Bretton-Woods system which permitted the US to inflate dollars and surreptitiously expropriate the …

This: No, because the asshats who talk like that weren’t there and didn’t experience the rationing and shortages. They know nothing…which is kind of why they sound so ignorant.

No… This is the litany of statist myths that you kids are taught at state school to remain obedient sheep of the ruling class. Things work exactly the opposite way as you think. But that’s why they told it to you; it unknowingly turns you into an advocate of privileges for the rich. Notice how that…

So…destroying things and killing people “restarts the process that creates prosperity”. Why don’t we start a war in the U.S.?

Because death and destruction are undesirable.

Did you not just say they “restart the process that creates prosperity”?

Can anyone help me deconstruct this Statist nonsense?

Economics Economics Questions

Coase June 29, 2011, 2:04pm 11

It’s not war as prosperity. It’s war as restarting the process that creates prosperity. Pointing out the hardships borne during war is irrelevant.

Topic		Replies	Views
Rothbard: World War 2 ended the Great Depression? General	53	20252	January 3, 2012
Great Depression Economics Questions	34	5717	October 5, 2012
New Deal or WW II? Economics Questions	8	2703	February 23, 2009
What to reply to keynesians when they say "stimulus is good because look what happened in 1929"? Economics Questions great-depression , keynesian-economics	15	6326	September 9, 2011
Don't the events of 1937-1938 prove (to some extent) keynesian economics? Economics Questions	15	4330	December 23, 2009

Can anyone help me deconstruct this Statist nonsense?

Related topics