Exports Ended the Great Depression: Yeah, Right

February 14th, 2009

A commenter tagged arogersb replied to one of my comments on Bruce Bartlett’s Forbes article (see my previous post), reiterating a familiar canard:

True, the US recovered after WWII. But the reason of that recovery was not debt, it’s that the rest of the world factories were destroyed and had to import from the US.

I’ll spare all of us a thousand-word response:


  1. Mark A. Sadowski
    February 14th, 2009 at 17:28 | #1

    My biggest dissapointment with the comment thread on Bartlett’s article was than few if any of the commenters understood what the #$%& he was talking about. When even half of the people commenting on such threads have a basic understanding of IS-LM models or AD-AS it will be a minor miracle.

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