Reply #1: The last Depression sure did [View All]

[Warpy]

as all the measures called for by the PTB failed miserably, one after the other. It wasn't until things were totally desperate, nothing had worked, that they finally tried starting at the bottom and things began to get better. After things had improved, the deficit hawks threw temper tantrums and forced a balanced budget, undoing much of the good and extending the Depression for four more years, until war production supplied the jobs that should have been supplied by the policies that were working.

Top-down economic tinkering just never works.