Did fiscal policy end the Great Depression?

Well, actually, there\’s a rather large number of people who think that it didn\’t….or at least that monetary policy was a great deal more important.

Which means that here, in our own times and conditions, QE, interest rates and the exchange rate are more important than \”the cuts\”.

2 thoughts on “Did fiscal policy end the Great Depression?”

  1. I do like that many macroeconomic questions have only elicited the answer “I dunno” in the two centuries people have been asking them.

    Tim adds: me too….some micro questions have been definitlvely answered, not to my knowledge any macro ones. Pity that economics in politics is all about macro, not micro really…..

  2. “Which means that here, in our own times and conditions, QE, interest rates and the exchange rate are more important than “the cuts”.”

    Does not follow.

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