Sunday, January 11, 2009

FDR AND TOTAL PRIVATE INVESTMENT

The wingnuts always praise the Free Market Fairy and are now trying to say that FDR's New Deal didn't work. Gross private investment is a useful measure of their claim. Here's the data from the Bureau of Economic Analysis:



Except for the years when FDR tried to balance the budget (37-38), there is steady growth throughout the pre-war New Deal.

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