Comments for Clearing Up Some Facts About the Depression of 1946 at http://www.cepr.net , comment 1 to 4 out of 4 comments http://www.cepr.net Wed, 22 May 2013 22:06:17 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/cepr-blog/clearing-up-some-facts-about-the-depression-of-1946/#comment-5371 Saulius: I deny that the relatively low unemployment rate implies that there was no depression in 1946. There was a rather large falloff in employment and economic activity. We may agree that it was good that expenditures moved rapidly from the military to consumption goods. This was surely an improvement for those who had income-- but not necessarily an improvement for the 5.8 million who dropped out of the labor force or the 1.6 million additional unemployed. - David Rosnick Tue, 30 Nov 2010 04:49:11 +0100 http://www.cepr.net/index.php/blogs/cepr-blog/clearing-up-some-facts-about-the-depression-of-1946/#comment-5127 Do you deny the fact, which Cato cites, that unemployment in 1946, never went above 4.6%? Keynesians predicted unemployment of between 12 and 35%, but that never happened. The private sector grew by leaps and bound. And that is because the public sector shrank. These were good times, even if GDP shrank. - Saulius Muliolis Sun, 21 Nov 2010 03:41:37 +0100 http://www.cepr.net/index.php/blogs/cepr-blog/clearing-up-some-facts-about-the-depression-of-1946/#comment-3304 I appreciate for your post! I hope you will keep it on. I also want to make friends with you and share my favorite replica watches to you. I am focus on you.[url=http://www.watcheslux.com/jaquet-droz-watches.html]Jaquet Droz replica watches[/url] - sean.waches Wed, 29 Sep 2010 16:19:05 +0100 http://www.cepr.net/index.php/blogs/cepr-blog/clearing-up-some-facts-about-the-depression-of-1946/#comment-817 The point that you are completely missing is that if you looked at GDP as your primary measure, then yes you would come to the conclusion that 1945-46 was a severe recession. But GDP encompasses government spending. If the spending falls in the dramatic fashion as it did after the war, the GDP will reflect this and because we are led to believe that spending = prosperity, we reach the false conclusion that 1946 was a bad year. - Stephen M Fri, 04 Jun 2010 07:40:39 +0100