Posted on 08/22/2011 8:44:06 AM PDT by To-Whose-Benefit?
If you had to point to one thing that started the dominoes falling, it would have to be smoot-hawley ( stand by to get flamed by the trade imbalance pro taraff people )
“Recovery came only after the Department of Justice dramatically stepped enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found.”
Another important factor was WWII. But not in the traditional “pump-priming” sense. WWII forced the feds to concentrate on the war, not the economy. Less attention. Better results.
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