The New Deal and Recovery, Part 11: The Roosevelt Recession, Continued SHARE Massive jolts of New Deal spending had stopped the economic slide, [but the economy crashed again when] over two years, FDR slashed government spending 17 percent. (From a 2011 NPR presentation.)
In the last installment of this series, I discussed the hypothesis that the 1937 collapse resulted from an ill-conceived tightening of monetary policy to which both the Fed and the Treasury contributed.
While authorities differ in the degree of responsibility they assign to each, there s widespread agreement that, between them, instead of merely extinguishing a boom, as they intended to do, both Fed and Treasury officials helped bring about a crash that undid much of the post-1933 recovery.
entertainment changing hands. things he got to. correct. that lawyers were paying for things, meals, gratuities, lap dances for his son and maybe even for him. i don t remember. i just remember that lap dances were part of the evidence. you know, so the evidence. and there were other things that could have gotten into. but they really kept it marshalled on the facts they could prove. and i think the defense team just tried to say this is a good man. it s not that bad. you re making a mountain out of a mole hill and the senate obviously eventually voted. i think the vote was something like 92-2 or something to remove him from office. it was a pretty convincing case. it s so fascinating getting this right from you given your unique experience. i would say senator or juror, which in our system sometimes is the most important role you can play. absolutely. thank you so much. you bet. thank you. how donald trump s defiance
decide if that s too much baggage. bernie sanders said something similar, and then you look at julian castro, and he doesn t give into the and that will be interesting to follow. do they try to go after biden no this family controversy that president trump is using to his advantage? it s just like hillary s e-mails. it s hillary clinton s e-mails 2.0. trump made a molehill into a mountain. it doesn t much housts controversy you are perceived to have in the past, the gop and president trump will try to turn that into a characterization of yourself to define you. democrats can rally around or they ll use it to try to take down biden and change their own
little bit of inflation so we ve got something like tral and a half new gdp growth in a calendar year and this al ago gates to something like 10% of that. so it s a negative that flows down growth, but it doesn t turn the economy over, it doesn t create disaster. people tend to be making mountains out of a molehill here. a reasonable molehill, but a molehill. and i said i don t think it s that bad that that is partly a real game and it s partly a political game and it s hard to disentangle that always and part of this will be settled next year as both the chinese decide, do they think president trump gets reelected or not. neil: right. and how much should they play with him versus stalling off for a potential democrat alternative. and then at the same time, how much does president trump decide he wants to get a small victory
after congressman will hurd, the only african-american republican in the house announced he is done. with congress. retiring at the end of his term. outfront now former republican governor congressman mark sanford of south carolina. and look you ve been in the midst of this. you ve been in the midst of the trump friendcy. you ve worked with senator scott a long time. what do you make of this all happening right now? i i think it s probably a little bit of a mountain in a mole hill in that we are talking about 2028. if he runs again. if he runs. it would be 202. ten years from now basically. that s a long run. politics has a wear and tear that goes with it. tim is a fabulous human being. and the idea of doing something else with the rest of his life and not making politics the whole of his life is completely consistent. which i understand. yeah. but in the other context here is there are nine republican announcing in the house obviously shorter terms there in the house.