07 Mar 09
Originally posted by whodeyI'm of that opinion that the end of the Depression was caused by a lot of things. I don't think it was ant single thing like FDR's New Deal or the beginning of the WWII. Most economists agree that the Depression ended before WWII though.
So you are of the opinion that FDR's spending spree got us out of the Derpression or was it the war? Of course, there is a debate as to whether the war got us out of the Depression, but you are free to believe what you like. I guess we will find out soon enough as to whether the new "new deal" has a similar effect. If doesn't then I guess the question is a ...[text shortened]... swered, no?
Edit: And yes, what we are in now is a Depression. Don't let them fool ya.
I do know that some of the economists that predicted the crash in 2008, like Max Otte and Jakob Madsen, says that it will continue for at least two years no matter what. And that governments around the world will have to cooperate a response now to end it in 2010.