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lee kramer

03/20/08 8:02 AM

#586007 RE: See Shasta #585995

Gold was in the 200's in the early 1970's before the big run up n the late '70's. The futures high was about 875 in Dec. '79...long time ago and I stand corrected on some of the numbers...but I believe strongly that Keynes was correct...and that a few politicians/presidents distorted his work.
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brightness

03/20/08 11:03 AM

#586051 RE: See Shasta #585995

The funding for Hoover Dam didn't go throgh Congress and get signed into appropriation bills until Hoover was president. There are all sorts of studies on how to spend the peons' money, but until it's actually "approriated," the wastful project is undertaken yet.

"I suspect other inaccuracies within your post about FDR/Hoover and public works projects."

Why insinuate if you can find some facts. Go read FDR's campaign platform in 1932, you will find advocacies for smaller government and undoing Hoover's wasteful government spendings; of course, after being elected, he did the exact opposite. Keynsian economics was just a fig leaf to brainwash the masses, so that the government bailout of their bank friends and handing out jobs to the cronies could be justified . . . heck even praised. Of course, all that came at the expense of the peons, and a prolonged recession.