NPR: 1940 Census proves war = peace and validates KeynesianismSubmitted by fiodax on Mon, 04/02/2012 - 10:53
From the article:
The pivotal year 1940 "marked the beginnings of a shift from a depressed peacetime to a prosperous wartime," says David E. Kyvig, author of Daily Life in the United States, 1920-1939.
Peace = depression, War = Prosperity, Orwell would be proud.
But it gets better, the conclusion to it all:
"I suspect we will learn more about how much the ramping up of government spending on defense changed the economic circumstances and everyday lives of ordinary Americans," Kyvig says. "As we see how the country evolved over the subsequent 20 years, where we have aggregate census data ... we ought to be able to see more clearly how government spending bettered everyday life, confirmed Keynesian economic theory and revealed that, before the war, the New Deal did too little, rather than too much, to stimulate the U.S. economy."
Whoa Nelly!!! What a load!