Comments on: The Great Escape from the Great Depression http://www.thefreemanonline.org/columns/our-economic-past-the-great-escape-from-the-great-depression/ Ideas on Liberty Wed, 15 Feb 2012 04:40:14 +0000 hourly 1 http://wordpress.org/?v=3.3 By: The Debt Sky « Independent American Party – Official http://www.thefreemanonline.org/columns/our-economic-past-the-great-escape-from-the-great-depression/comment-page-1/#comment-45407 The Debt Sky « Independent American Party – Official Tue, 09 Aug 2011 04:07:10 +0000 http://www.thefreemanonline.org/uncategorized/our-economic-past-the-great-escape-from-the-great-depression/#comment-45407 [...] Robert Higgs writes, The unemployment rate in 1947, when the transition was nearly complete, was less than 4 percent.… The year 1946, when civilian output increased by about 30 percent, was the most glorious single year in the entire history of the U.S. economy. By 1948, real output was back on its long-run growth trend, and during the decades that followed, the economy was spared the sort of deep and long debacle that a congeries of wrongheaded government policies had caused during the 1930s. [...] [...] Robert Higgs writes, The unemployment rate in 1947, when the transition was nearly complete, was less than 4 percent.… The year 1946, when civilian output increased by about 30 percent, was the most glorious single year in the entire history of the U.S. economy. By 1948, real output was back on its long-run growth trend, and during the decades that followed, the economy was spared the sort of deep and long debacle that a congeries of wrongheaded government policies had caused during the 1930s. [...]

]]> By: The Debt Sky, By Sheldon Richman « Independent American Party – Official http://www.thefreemanonline.org/columns/our-economic-past-the-great-escape-from-the-great-depression/comment-page-1/#comment-45405 The Debt Sky, By Sheldon Richman « Independent American Party – Official Tue, 09 Aug 2011 03:57:58 +0000 http://www.thefreemanonline.org/uncategorized/our-economic-past-the-great-escape-from-the-great-depression/#comment-45405 [...] Robert Higgs writes, The unemployment rate in 1947, when the transition was nearly complete, was less than 4 percent.… The year 1946, when civilian output increased by about 30 percent, was the most glorious single year in the entire history of the U.S. economy. By 1948, real output was back on its long-run growth trend, and during the decades that followed, the economy was spared the sort of deep and long debacle that a congeries of wrongheaded government policies had caused during the 1930s. [...] [...] Robert Higgs writes, The unemployment rate in 1947, when the transition was nearly complete, was less than 4 percent.… The year 1946, when civilian output increased by about 30 percent, was the most glorious single year in the entire history of the U.S. economy. By 1948, real output was back on its long-run growth trend, and during the decades that followed, the economy was spared the sort of deep and long debacle that a congeries of wrongheaded government policies had caused during the 1930s. [...]

]]> By: The Debt Sky | The Freeman | Ideas On Liberty http://www.thefreemanonline.org/columns/our-economic-past-the-great-escape-from-the-great-depression/comment-page-1/#comment-45333 The Debt Sky | The Freeman | Ideas On Liberty Fri, 05 Aug 2011 04:04:28 +0000 http://www.thefreemanonline.org/uncategorized/our-economic-past-the-great-escape-from-the-great-depression/#comment-45333 [...] Robert Higgs writes, The unemployment rate in 1947, when the transition was nearly complete, was less than 4 percent.… The year 1946, when civilian output increased by about 30 percent, was the most glorious single year in the entire history of the U.S. economy. By 1948, real output was back on its long-run growth trend. [...] [...] Robert Higgs writes, The unemployment rate in 1947, when the transition was nearly complete, was less than 4 percent.… The year 1946, when civilian output increased by about 30 percent, was the most glorious single year in the entire history of the U.S. economy. By 1948, real output was back on its long-run growth trend. [...]

]]> By: David Barrett http://www.thefreemanonline.org/columns/our-economic-past-the-great-escape-from-the-great-depression/comment-page-1/#comment-6508 David Barrett Fri, 03 Apr 2009 14:38:28 +0000 http://www.thefreemanonline.org/uncategorized/our-economic-past-the-great-escape-from-the-great-depression/#comment-6508 Along with the issues mentioned in the first response, I have also heard many claims that the GI Bill, which sent most veterans to college, was a major factor in the post-war recovery. Any comments on that? Along with the issues mentioned in the first response, I have also heard many claims that the GI Bill, which sent most veterans to college, was a major factor in the post-war recovery. Any comments on that?

]]> By: Ray Mangum http://www.thefreemanonline.org/columns/our-economic-past-the-great-escape-from-the-great-depression/comment-page-1/#comment-3632 Ray Mangum Wed, 04 Mar 2009 04:10:30 +0000 http://www.thefreemanonline.org/uncategorized/our-economic-past-the-great-escape-from-the-great-depression/#comment-3632 Wonderful article, Dr. Higgs, and please keep up the good work! The economic prosperity brought to us by war and the prosperity brought us by government spending are the two most dangerous myths of our age. I wonder, though, if in replacing the story of how WWII got us out of the depression with the story that it was actually return to economic normality and stability, we might not sound a note of caution about the sustainability of this postwar prosperity. These years saw the birth of the military-industrial complex and the cold war as permanent features of our political economy. The government and its perpetual wars and preparations for wars have been major features of the modern economy since that time. Consider the industries that have been successful as a result of two government-financed projects: Eisenhower\\\'s Interstate Highway System, and the DOD\\\'s ARPANET, which became the world wide web, both created (at least in part) for military purposes. It seems the Higgs explanation thus far still leaves ample room for the claim that we owe modern economic prosperity to the Leviathan. Perhaps Higgs has addressed these matters in the book \\"Depression, War, and Cold War\\", which I haven\\\'t yet read? Wonderful article, Dr. Higgs, and please keep up the good work!

The economic prosperity brought to us by war and the prosperity brought us by government spending are the two most dangerous myths of our age. I wonder, though, if in replacing the story of how WWII got us out of the depression with the story that it was actually return to economic normality and stability, we might not sound a note of caution about the sustainability of this postwar prosperity. These years saw the birth of the military-industrial complex and the cold war as permanent features of our political economy. The government and its perpetual wars and preparations for wars have been major features of the modern economy since that time. Consider the industries that have been successful as a result of two government-financed projects: Eisenhower\\\’s Interstate Highway System, and the DOD\\\’s ARPANET, which became the world wide web, both created (at least in part) for military purposes. It seems the Higgs explanation thus far still leaves ample room for the claim that we owe modern economic prosperity to the Leviathan.

Perhaps Higgs has addressed these matters in the book \\"Depression, War, and Cold War\\", which I haven\\\’t yet read?

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