Dennis Prager & Thomas Sowell on "Economic Facts & Fallacies" (1 of 4)

Discussing Sowell's book "Economic Facts and Fallacies". . .
January 29, 2008. . .

search keywords: ron paul milton friedman christopher hitchens ayaan hirsi ali richard dawkins salman rushdie andrew sullivan noam chomsky bill maher real time new rules keith olbermann rachel maddow ann coulter glenn beck rush limbaugh sean hannity o'reilly dennis miller hugh hewitt michael medved john stossel larry elder shelby steele interview speech debate

Category:

News & Politics

Tags:

• ron
• paul
• milton
• friedman
• christopher
• hitchens
• ayaan
• hirsi
• ali
• richard
• dawkins
• salman
• rushdie
• andrew
• sullivan
• noam
• chomsky
• bill
• maher
• real
• time
• new
• rules
• keith
• olbermann
• rachel
• maddow
• ann
• coulter
• glenn
• beck
• rush
• limbaugh
• sean
• hannity
• o'reilly
• dennis
• miller
• hugh
• hewitt
• michael
• medved
• john
• stossel
• larry
• elder
• shelby
• steele
• interview
• speech
• debate

[migkillertwo]

"Most people could barely get by with rationing and government controlled wages."

It may surprise you, but we actually have statistics for the national savings rate during the war, and it peaked at over 25%, the highest its ever been. Consumer spending skyrocketed after the war ended after rationing ended and resources were diverted away from the military.

[pretorious700]

@migkillertwo lol, cash savings? during the war? are you serious? Most people could barely get by with rationing and government controlled wages. How do i know? My parents lived through the war and I actually have some real knowledge of what went on. Citing inflation rates as proof just shows your schoolbook ignorance.

[migkillertwo]

This explanation of the recovery after WWII is, frankly, ridiculous. The reason that the economy recovered so impressively after WWII was because there was an enormous amount of cash savings built up during the war that workers were eager to spend. This caused inflation, which stimulated massive investment, which caused enormous output. Don't believe me? Look at inflation rates during and after the war. Inflation actually went down during WWII but skyrocketed to 14% by 1948.

[comptonproduction]

Now he's blaming both republicans and democratics. the blame game for a black conservative. stop interfering in the markets. this guy is a idiot.

[xHippieHunter]

@AntonBatey bhahahahahahahha not even close Sowell would rip apart anything that moron says you are a fool.

[xHippieHunter]

@matlynch123 You are a fool look up the unemployment rate after WW2 started it still was above 8% only after WW2 was the economy growing again and unemploy. went down. Why? Because Taxes was lowered and regulations and war time policies were stopped. I have 2 dep. for you, the dep. of 1921 and the depression of 1946. The dep. of 1921 had worse unemployment level than the 1930's and was fixed in a year by gov backing off. And the 1946 dep. never happened. But Keynesists were 100% on how it would

[ShishirYerramilli]

Was that someone snoring at 1:06-1:10??!!

[fatalyhip]

@matlynch123 Complete bullshit! That is the precise reason we are in the shape we are in. It's very logical and I can't believe that most people like yourself just don't get the big picture. The government cant solve anything!

[fatalyhip]

@matlynch123 Complete bullshit!

[tomthefunky]

@matlynch123 Reagan cut top tax rates which set off the economic boom, causing huge inflows of tax revenue to the treasury. While his military spending did cause the debt to spike, it was the democrats massive social spending that really caused the national debt to rise. Also, he promised he would increase military spending in his campaign for president. A strong, well-funded military is a core Republican belief. It's also authorized in the Constitution.