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Tuesday, November 22, 2011

SURPRISE! HERBERT HOOVER'S DEFICIT SPENDING FAR EXCEEDED FDR'S

Yes, A Big Surprise . . .�
Even for prof bug himself. �Here's the data and argument that spin them out, found in a good, fairly middle-of-the-road blog. �It's call Angry Bear. �Click�here. �So why might FDR's deficit spending have proved more successful in stimulating the US economy after the start of his administration in early 1933? �And what does that conclusion, spelled out by prof bug in the comment left at Angry Bear, say about deficit spending in general? �(And for that matter, statistical modeling where omitted variables might be crucial to the outcomes?)
Oh, almost forgot.  There are two buggy comments in the relevant thread.  Be sure to find the first on page 2 of the comments, and the second on page 3.