Amity Shlaes and Jonathan Alter debate the Great Depression (4 of 9)

[1thruZ]

I wish the chose someone other than Amity Shlaes to represent that side, maybe someone from the Cato Institute.

[uzijohn]

@1thruZ,

I think the Mises Institute would have been the best choice,

Search Youtube for the video

"Why You've Never Heard of the Great Depression of 1920"

[Nth2AK]

@uzijohn Thomas E. Woods, Jr. would be great to hear in a debate like this.... or Burton Folsom, Jr. Having said that, Amity Shlaes' "The Forgotten Man" is a very good read.

[baronmorris]

Alter is right on!

[EVOB88]

If government spending is what drives economic success, then why doesn't the government just pay everyone 100,000 a year for doing nothing?

[baronmorris]

@EVOB88

funny and provocative question! I think the answer is that although a steering wheel drives a car, it won't get you across town without the rest of the car. ;-)

cheers

[eatandtravel]

@EVOB88

I know. These do gooders just don't get it. Government massive spending can help in the short term but in long run, real growth only happens when the PRIVATE sector grows. When government captures greater market share, it's time to worry.