Difference is was that we were in a the middle of a global war.
I’m not an economist so I don’t know how to make the economy and money just “work” but I would say that a wartime economy is different from a peacetime economy.
This stuff continued after the war, but there were also costs. Corn syrup and caves full of cheese are a result of agricultural business interventionism in this same period. If you keep going, eventually you become Japan.
I’m a firm believer that there is an answer that results in neither hyper-accumulation of wealth nor red-tape dysfunction, but solutions that sound good to wonks don’t always do well in public politics.
Difference is was that we were in a the middle of a global war. I’m not an economist so I don’t know how to make the economy and money just “work” but I would say that a wartime economy is different from a peacetime economy.
Look at the tax setup in the late '40s and early '50s. I think that’s when the max bracket was like 93% for the 1%.
That’s how we get an interstate.
It will all just trickle down…
Any day now… you just wait…
This stuff continued after the war, but there were also costs. Corn syrup and caves full of cheese are a result of agricultural business interventionism in this same period. If you keep going, eventually you become Japan.
I’m a firm believer that there is an answer that results in neither hyper-accumulation of wealth nor red-tape dysfunction, but solutions that sound good to wonks don’t always do well in public politics.
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It’s really not that different from a worldwide global pandemic.