Comment 26587

By A Smith (anonymous) | Posted September 16, 2008 at 01:02:05

Ryan, look in the mirror. This whole site is a monument to your narrow government loving philosophy. The fact that you felt the need to insert your philosophy into a story about private enterprise, shows how strong your bias runs.

The fact is that James St North is being transformed by individuals, not politicians. Your failure to admit this is simply your attempt at saving face, nothing else.

I ask you again, in what way does your government directed, top down approach to urban renewal have to do with the people you profiled in your article? If you can't give me an answer, then your silence will do the talking for you.

As to your assertion that I have a tendency to throw out insults, you are obviously referring to yourself, since it is your posse that has been throwing around the comparisons to mythological creatures.

Geoff, let's try this one more time. I believe that when government tries to help people, it actually produces the opposite effect. Got that?

The numbers support this theory, since in 1933, after taxes had been raised dramatically, and social spending had leveled off, the economy stopped shrinking.

From 1933 to 1939, non military spending would only grow from 16.5% to 17.3% of GDP. This completely contradicts your claim to the contrary.

During this same time frame, where non military spending growth was essentially stagnant, the economy took off, growing at an average real rate of 5.7%.

Therefore, the "commonly agreed upon facts" that you rely on are simply wrong. The Great Depression was over in 1933, and anyone who argues differently has not looked at the actual numbers.

Before you respond to this post, please get your numbers straight by looking at the Bureau of Economic Analysis. Otherwise, your arguments will be nothing more than folk wisdom. For someone who claims to be learned, I think that is the least I can expect.



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