By Robert P. Murphy •
Economia
When pressed for a “success story” of their policies, Keynesians point with pride to World War II. They claim that it is the perfect illustration of the ability of massive government spending to lift an economy out of the doldrums.
In the effort to battle this myth, Steve Horwitz and Michael J. McPhillips offer an interesting new article that analyzes diaries, newspapers, and other primary source documents from the wartime era. They show that average Americans on the home front certainly did not think they were living amidst a great economic recovery. Yet as I’ll show in this article—relying on the pioneering efforts of Robert Higgs—we can use even the official statistics to turn the conventional Keynesian account on its head.
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Economia
Falsa prosperidade
The Myth of Wartime Prosperity
World War II didn't improve the average American's standard of living.
When pressed for a “success story” of their policies, Keynesians point with pride to World War II. They claim that it is the perfect illustration of the ability of massive government spending to lift an economy out of the doldrums.
In the effort to battle this myth, Steve Horwitz and Michael J. McPhillips offer an interesting new article that analyzes diaries, newspapers, and other primary source documents from the wartime era. They show that average Americans on the home front certainly did not think they were living amidst a great economic recovery. Yet as I’ll show in this article—relying on the pioneering efforts of Robert Higgs—we can use even the official statistics to turn the conventional Keynesian account on its head.
Mais
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- Os Três Grandes Mitos Sobre A Grande Depressão
Historian Stephen Davies names three persistent myths about the Great Depression. Myth #1: Herbert Hoover was a laissez-faire president, and it was his lack of action that lead to an economic collapse. Davies argues that in fact, Hoover was a very interventionist...
- Entenda A Grande Depressão
The Hoover-Roosevelt Depression Revisited Mises Daily: Tuesday, May 07, 2013 by John P. Cochran This year is the fiftieth anniversary of Murray Rothbard’s America’s Great Depression. In that work, Rothbard masterfully achieves three objectives. ...
- A Grande Estagnação - "regime Uncertainty"
Regime Uncertainty: Some Clarifications Mises Daily:Monday, November 19, 2012 by Robert Higgs In a 1997 article in the Independent Review ("Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed After the War")...
- A Economia Não Precisa Do Governo
Thomas Sowell explica: "... From all this, and much else that is said in the media and on the campaign trail, you might think that the economy requires government intervention to revive and create jobs. It is Beltway dogma that the government has...
- Novo Libro Sobre A Grande Depressão
The Politically Incorrect Guide to the Great Depression and the New Deal. By Robert P. Murphy. Regnery, 2009. 199 pages. Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines....