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   <title>Soviet society from Khrushchev to Gorbachev :  I hate it when threads turn...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75783.html#75783</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=9406">fusong</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 24 Apr 2012 at 18:10<br /><br />I hate it when threads turn into personal arguments....<br><br>Of course a USSR surviving and even thriving was very possible.. as far as I am concerned <br>They did put a man into space before everyone else &nbsp; <br><span style="font-size:10px"><br /><br />Edited by fusong - 24 Apr 2012 at 18:14</span>]]>
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   <title>Soviet society from Khrushchev to Gorbachev :   Buckskins wrote:You can&amp;#039;t...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75578.html#75578</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=496">gcle2003</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 18 Apr 2012 at 20:15<br /><br /><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Originally posted by Buckskins" alt="Originally posted by Buckskins" style="vertical-align: text-bottom;" /> <strong>Buckskins wrote:</strong><br /><br />You can't be reasoned with. It's like&nbsp;arguing&nbsp;with a petulant child. With you black is white, and white is black when it suits you. There is obviously no point in my wasting time with you. I consider this topic closed.<DIV></td></tr></table></DIV><DIV>Then simply stop posting to it.<BR><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>PS. I don't inquire into your personal business. I expect the same manners from you.</DIV></td></tr></table> <DIV>Asking you what discipline you have studied in is germane to the argument here. It relates to the <EM>prima facie</EM> validity of your arguments, especially since you have quoted no data to support them.</DIV><DIV>&nbsp;</DIV><DIV>It's hardly private business, and certainly not unmannerly to ask. Almost every conversation I've ever had with Americans has very early on, if not immediately, led to asking what a person does for a living and where they went to school. </DIV><DIV>&nbsp;</DIV><DIV>If you don't want to answer the question, just say so, or just don't answer.</DIV>]]>
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   <pubDate>Wed, 18 Apr 2012 20:15:03 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev : You can&amp;#039;t be reasoned with....</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75577.html#75577</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=9470">Buckskins</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 18 Apr 2012 at 19:41<br /><br />You can't be reasoned with. It's like&nbsp;arguing&nbsp;with a petulant child. With you black is white, and white is black when it suits you. There is obviously no point in my wasting time with you. I consider this topic closed.<div><br></div><div>PS. I don't inquire into your personal business. I expect the same manners from you.</div>]]>
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   <pubDate>Wed, 18 Apr 2012 19:41:12 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev :   Buckskins wrote:So Graham,...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75489.html#75489</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=496">gcle2003</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 15 Apr 2012 at 19:11<br /><br /><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Originally posted by Buckskins" alt="Originally posted by Buckskins" style="vertical-align: text-bottom;" /> <strong>Buckskins wrote:</strong><br /><br />So Graham, your comment on there being an American depression in the 1940's is obviously nonsense. The fact that you persist in saying the Korean war "rescued" the American&nbsp;economy&nbsp;from a depression really is a load of "poppycock" sir. &nbsp;I don't claim to be an economist. <DIV></td></tr></table></DIV><DIV>That's *** obvious.</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>I do have plenty of common sense and&nbsp;recognize&nbsp;tosh when I see it. </DIV><DIV></td></tr></table></DIV><DIV>You know nothing about art but you know what you like?</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>In the times you are referring to we were handing out gifts of billions of dollars&nbsp;around&nbsp;the world. </DIV><DIV></td></tr></table></DIV><DIV>What des that have to do with anything? You could always print dollars. In fact, apart from the benefit to exports, those billions went a long way to keeping the value of the dollar in bounds. Otherwise the immense strength of the dollar at the time would have contributed more than it did to the depression.</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>Our war fighters were finishing up their Uni degrees. The housing market was flying. 6% unemployment under those circumstances is one hell of a "Depression"&nbsp;</DIV><DIV></td></tr></table></DIV><DIV>I pointed out that the GI Bill helped staved off the worst of the deflationary pressure. It added about $15 billion to government expenditure. Without it the depression would have been deeper.</DIV><DIV>&nbsp;</DIV><DIV>6% (especially the way the US Bureau of Labour measures unemployment, restricting it to people receiving benefit) is depression enough. It generally equals more like 10% by European methods.</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <BR></DIV><DIV>&nbsp; &nbsp; &nbsp; During the Korean war the Japanese made a bundle...from us. </DIV><DIV></td></tr></table></DIV><DIV>And the US made a bundle. WW2 didn't start in 1941. Checkout sometime US gold reserves in 1945 against those in 1939.</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>War costs money and lots of it. The end run is debt, and treasure thrown down a&nbsp;rat-hole&nbsp;in many cases. The quick fix is not worth the long range cost. Korea was not WW2 and can't be compared to what effect it had on our economy.</DIV><DIV></td></tr></table></DIV><DIV>And I didn't compare it. (I assume by 'compare' you mean 'liken'.)&nbsp;Though in that ww2 relieved the Great Depression and Korea relieved the depression of 46/49 they played similar roles. However both the 46/49 depression and the Korean war were of course much smaller in impact than the Great Depression and ww2.</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>&nbsp;Yes of course a PhD would have a much better understanding of it than you and I. My and your&nbsp;disciplines&nbsp;are a long way from making us economists. </DIV><DIV></td></tr></table></DIV><DIV>I lectured in economics (in US terminology was a professor of economics). Microeconomics rather than macro admittedly.&nbsp;<a href="http://&#111;nlinelibrary.wiley.com/doi/10.1111/j.1468-5957.1980.tb00194.x/abstract" target="_blank" rel="nofollow">http://onlinelibrary.wiley.com/doi/10.1111/j.1468-5957.1980.tb00194.x/abstract</A> for instance.</DIV><DIV>&nbsp;</DIV><DIV>Incidentally, what's your discipliine? </DIV><DIV>&nbsp;</DIV><DIV><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV>Taking crap off the net regards economics and many other topics is hardly a reliable source for something that is as much of an art as it is a science.</DIV></td></tr></table> <DIV>USD government figures are hardly crap. At least I'm surprised to hear you say they are.</DIV><DIV>&nbsp;</DIV><DIV>Just where are you claiming to get your facts from? So far you haven't come up with a single counter to any of the<strong><EM> facts</EM></strong> I have presented you with.</DIV><span style="font-size:10px"><br /><br />Edited by gcle2003 - 15 Apr 2012 at 19:16</span>]]>
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   <pubDate>Sun, 15 Apr 2012 19:11:12 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev : So Graham, your comment on there...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75485.html#75485</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=9470">Buckskins</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 15 Apr 2012 at 18:18<br /><br />So Graham, your comment on there being an American depression in the 1940's is obviously nonsense. The fact that you persist in saying the Korean war "rescued" the American&nbsp;economy&nbsp;from a depression really is a load of "poppycock" sir. &nbsp;I don't claim to be an economist. I do have plenty of common sense and&nbsp;recognize&nbsp;tosh when I see it. In the times you are referring to we were handing out gifts of billions of dollars&nbsp;around&nbsp;the world. Our war fighters were finishing up their Uni degrees. The housing market was flying. 6% unemployment under those circumstances is one hell of a "Depression"&nbsp;<div><br></div><div>&nbsp; &nbsp; &nbsp; During the Korean war the Japanese made a bundle...from us. War costs money and lots of it. The end run is debt, and treasure thrown down a&nbsp;rat-hole&nbsp;in many cases. The quick fix is not worth the long range cost. Korea was not WW2 and can't be compared to what effect it had on our economy. Yes of course a PhD would have a much better understanding of it than you and I. My and your&nbsp;disciplines&nbsp;are a long way from making us economists. Taking crap off the net regards economics and many other topics is hardly a reliable source for something that is as much of an art as it is a science.</div>]]>
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   <pubDate>Sun, 15 Apr 2012 18:18:29 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev :   Buckskins wrote:      Whatdepressionare...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75464.html#75464</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=496">gcle2003</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 14 Apr 2012 at 16:08<br /><br /><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Originally posted by Buckskins" alt="Originally posted by Buckskins" style="vertical-align: text-bottom;" /> <strong>Buckskins wrote:</strong><br /><br /><BR><SPAN style="TEXT-ALIGN: left; rgb231: "><DIV><SPAN style="TEXT-ALIGN: left; rgb231: "><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <BR></SPAN></DIV><DIV style="TEXT-ALIGN: left">What&nbsp;depression&nbsp;are you talking about? </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table>The one that started in 1945/6 and went on until 1949/50.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">The one that saw</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(a)&nbsp;the Dow Jones peak at 212.28 in May 1946, drop to 201 in July, reach a low of 169 in May 1947&nbsp;and not get back to&nbsp;200 until April 1950</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(b)&nbsp;unemployment, effectively zero&nbsp;in 1945, go to 3.4%&nbsp;at the end of 1947, 4%&nbsp;at&nbsp;end 1948, 6.6% at end&nbsp; 1949 and only drop back&nbsp;to 4.3% after the start of the Korean War.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(c)&nbsp;GDP drop in 1945-6, 1946-7, and 1948-9, with a slight upward move in 1947-8, so that GDP which had&nbsp;on average increased by 17% a&nbsp;year&nbsp;from 1940-45, only increased by some 4% 1945-1950.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(d) a 47.6 billion budget deficit in 1945 drop to 15.9 billion in 1946, then become a 4 billion surplus in 1947, followed by surpluses of 11.8 billion and o.6 billion in 1948/9, before the cold and Korean wars brought deficit spending back again.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left"><BR></DIV><DIV style="TEXT-ALIGN: left">The above is not even a recession never mind a depression.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Of course it's a depression. Depressions quite often last only a year or two. <a href="http://en.wikipedia.org/wiki/Depressi&#111;n_%28ec&#111;nomics%29#Notable_Depressi&#111;ns" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Depression_(economics)#Notable_Depressions</A></DIV><DIV style="TEXT-ALIGN: left">As for recession there are more than one case of two successive quarters of decline in GDP in the period, to use one familiar definition. There are others that the period&nbsp; matches. <a href="http://en.wikipedia.org/wiki/Recessi&#111;n#Definiti&#111;n" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Recession#Definition</A></DIV><DIV style="TEXT-ALIGN: left">The period also matches other definitions of recession. I doon't think your opinion of what constitutes a depression or recession counts for much&nbsp;with economists.&nbsp;</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">When our fighting men came home of course some of them were unemployed. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">It wasn't so much of returning veterans being out of a job, as their replacing the people who had been doing their jobs during the war. the iconic figure of course being Rosie the Riveter. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">This may come as a shock to you, but after WW2 there was next to no wartime production jobs to be had by anyone. Not GI Joe or Rosie.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Fairly obviously there were no wartime jobs except in wartime. What do you mean by 'next to no' wartime jobs? There were wartime jobs in peacetime?</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">The thing is there weren't enough manufacturing jobs and service jobs available for Rosie or anyone else. It was a rare thing&nbsp;that the end of a war meant putting women out of work.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">That is not a depression. Our Vets were given assistance with higher education, housing loans, civil&nbsp;service&nbsp;employment, and many other things. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">None of that kept the government from being in surplus, as I pointed out above.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">"I presumed what unemployment there was would have been relevant to your&nbsp;definition&nbsp;of a depression"</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Yes indeed. It's actually probably the most important part of the definition. At the time, the government of the US, as those of most countries, saw full employment as the prime aim of government. Things have changed in the US since the '70s though, as is pretty obvious from current policies.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">Would we be handing out Billions of Dollars if we were in a depression?</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Well, yes, in fact you would if you have any sense. Depression is exactly the time to start handing out money. The GI bill you mention and similar measures were useful in ameliorating the depression. So for that matter was the Marshall plan aid, since much of it came back to the US to boost exports. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Well thanks for that&nbsp;lesson&nbsp;in economics. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">You're welcome. Be nice to think you were listeninig.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">We hand out Billions to foreign countries, not to mention a huge loan to the UK that was already... devoid... of the Marshal aid money. A fraction of which came back to private enterprise by way of exports.&nbsp;</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">&nbsp;The US economy was flying well into the 1970's.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">After 1950, yes, as I pointed out originally. The early 1970s saw the depressive effect of the end of the Vietnam war, one of the reasons the country was forced off the gold standard in 1973. </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <BR>You mean it took all of 4 years to climb out of the massive "depression" you&nbsp;envisage. How tardy of us. It's a good thing the Korean War came along to get us out of that awful "depression" and "rescue" our economy.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">I didn't actually say 'massive'. And yes it was a good thing for the economy that the Korean War came along, since it created even more support for government expenditure than the incipient cold war had. And, as you'd see from the figures I gave, it didn't take four years to 'climb out of' the depression, it took just a few months when the war got hot. Up to then the economy was stagnating or declining. </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">Most of western Europe flourished&nbsp;financially&nbsp;post WW2. The UK was the exception.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">&nbsp;No to both statements, certainly in the period 1945-50. France in particular was forced into one devaluation after another and the UK was certainly in better shape than Italy, Spain, Portugal, and probably about the same as Denmark and Norway.&nbsp;Even the Dutch and German 'miracles' hadn't happened by 1950.</DIV><DIV style="TEXT-ALIGN: left">Maybe you can produce some figures to back up your claim?</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as <a href="http://en.wikipedia.org/wiki/West_Germany" target="_blank" rel="nofollow">West Germany</A> (<a href="http://en.wikipedia.org/wiki/Wirtschaftswunder" target="_blank" rel="nofollow">Wirtschaftswunder</A>), France (<a href="http://en.wikipedia.org/wiki/Trente_Glorieuses" target="_blank" rel="nofollow">Trente Glorieuses</A>), Japan (<a href="http://en.wikipedia.org/wiki/Japanese_post-war_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Japanese post-war economic miracle</A>) and Italy (<a href="http://en.wikipedia.org/wiki/Italian_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Italian economic miracle</A>).</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">OK so you cannot produce any figures to back up your claim. Apart from no figures for the appropriate period, all of those leads only date economic recovery from after 1950, sometimes well after. And of course none of them produce a UK comparison.</DIV><DIV style="TEXT-ALIGN: left">As a sample this is from one of your sources: <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">In the mid- to late-1940s, <a href="http://en.wikipedia.org/wiki/World_War_II" target="_blank" rel="nofollow"><U>wartime</U></A> expenses threatened economic ruin in Japan. Post-WW2 <a href="http://en.wikipedia.org/wiki/Inflati&#111;n" target="_blank" rel="nofollow"><U>inflation</U></A>, <a href="http://en.wikipedia.org/wiki/Unemployment" target="_blank" rel="nofollow"><U>unemployment</U></A> and <a href="http://en.wikipedia.org/wiki/Shortages" target="_blank" rel="nofollow"><U>shortages</U></A> in all areas seemed overwhelming. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">I don't recall saying "money represents value" Please refrain from crediting me with your conclusions.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">You said the GDP represented value. GDP is measured in money. Hence 'GDP represents value' (which you did say, albeit by quoting another source) means money measures value. Which it doesn't.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table> </DIV><DIV style="TEXT-ALIGN: left">I say again. I don't recall saying that GDP represented value. Hence or un Hence. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">You quoted it from Answers.com. As I pointed out. It may have literally&nbsp;been 'measured' not 'represented' but it came to the same thing and anyway you also denied sayiing 'measured'.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">The GDP has a direct relationship with a country's financial health. To attempt in&nbsp;belittling&nbsp;such a huge indicator is beyond&nbsp;belief.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">That anyone with so little understanding of economics has the chutzpa to say that is beyond belief.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table> </DIV><DIV style="TEXT-ALIGN: left">Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as <a href="http://en.wikipedia.org/wiki/West_Germany" target="_blank" rel="nofollow">West Germany</A> (<a href="http://en.wikipedia.org/wiki/Wirtschaftswunder" target="_blank" rel="nofollow">Wirtschaftswunder</A>), France (<a href="http://en.wikipedia.org/wiki/Trente_Glorieuses" target="_blank" rel="nofollow">Trente Glorieuses</A>), Japan (<a href="http://en.wikipedia.org/wiki/Japanese_post-war_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Japanese post-war economic miracle</A>) and Italy (<a href="http://en.wikipedia.org/wiki/Italian_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Italian economic miracle</A>).</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">That's twice you said that. Repetition doesn't add importance.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">Maye you can read <a href="http://en.wikipedia.org/wiki/Gdp#Criticisms" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Gdp#Criticisms</A>&nbsp;, <a href="http://en.wikipedia.org/wiki/Gdp#Externalities" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Gdp#Externalities</A>&nbsp;</DIV><DIV style="TEXT-ALIGN: left"><a href="http://www.nytimes.com/2010/05/16/magazine/16GDP-t.html?pagewanted=all" target="_blank" rel="nofollow">http://www.nytimes.com/2010/05/16/magazine/16GDP-t.html?pagewanted=all</A>&nbsp;, and</DIV><DIV style="TEXT-ALIGN: left"><a href="http://www.tinbergen.nl/discussi&#111;npapers/07019.pdf" target="_blank" rel="nofollow">http://www.tinbergen.nl/discussionpapers/07019.pdf</A></DIV><DIV style="TEXT-ALIGN: left">and explain to us why so many economists can be so misguided as to disagree with you. </DIV><DIV style="TEXT-ALIGN: left">&nbsp;</td></tr></table></DIV><DIV style="TEXT-ALIGN: left">I'm not interested. You would only be twisting their comments to suit yourself, as usual.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table> </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">(<FONT size=2>Numeric data above are from the davemanuel collection of government data at: </FONT></DIV><DIV style="TEXT-ALIGN: left"><a href="http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php" target="_blank" rel="nofollow"><FONT size=2>http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php</FONT></A></DIV><DIV style="TEXT-ALIGN: left"><P style="MARGIN: 0in 0in 0pt" ='ms&#111;normal=""'><a href="http://www.davemanuel.com/historical-gdp-numbers-united-states.php" target="_blank" rel="nofollow"><U><FONT color=#800080 size=2 face=Arial>http://www.davemanuel.com/historical-gdp-numbers-united-states.php</FONT></U></A><FONT size=2>&nbsp;</FONT></P><DIV><P style="MARGIN: 0in 0in 0pt" ='ms&#111;normal=""'><FONT size=3><FONT face=Arial><FONT size=2>http://www.davemanuel.com/historical-unemployment-rates-in-the-united-states.php</FONT></FONT></FONT></P><FONT size=3><FONT face=Arial><DIV><FONT size=2></FONT></DIV><FONT size=2>with the exception of the Dow Jones, which I happen to have offline</FONT>.) <DIV></DIV></FONT></FONT><P style="MARGIN: 0in 0in 0pt" ='ms&#111;normal=""'><FONT size=3><FONT face=Arial><!--?: prefix = o ns = "urn:schemas-microsoft-com:office:office" /--><O:P></O:P></FONT></FONT></P></DIV></DIV></td></tr></table> </SPAN><DIV><SPAN style="TEXT-ALIGN: left; rgb231: "></SPAN></DIV><DIV><SPAN style="TEXT-ALIGN: left; rgb231: ">So now the GDP of a country is all so important to you. No one fully understands economics. That includes the lefties you are quoting. A Ph.D in economics would not even make an expert.</SPAN></DIV></td></tr></table> <DIV>As for the GDP, you seemed to believe in it so I thought I'd quote that too. I suppose now you know the GDP figures prove you wrong, you'll ignore GDP in the future. As for quoting 'lefties' all the figures I'e quoted above are US government figures from various agencies. As for a PhD it would make a hell of a lot more of an expert than someone with no qualifications at all. </DIV><DIV>&nbsp;</DIV><span style="font-size:10px"><br /><br />Edited by gcle2003 - 14 Apr 2012 at 16:21</span>]]>
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   <pubDate>Sat, 14 Apr 2012 16:08:06 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev :    Whatdepressionare you talking...</title>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=9470">Buckskins</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 14 Apr 2012 at 15:27<br /><br /><br><span style="TEXT-ALIGN: left; rgb231: "><div><span style="TEXT-ALIGN: left; rgb231: "><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <br></span></div><div style="TEXT-ALIGN: left">What&nbsp;depression&nbsp;are you talking about? </div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">The one that started in 1945/6 and went on until 1949/50.</div><div style="TEXT-ALIGN: left">&nbsp;</div><div style="TEXT-ALIGN: left">The one that saw</div><div style="TEXT-ALIGN: left">&nbsp;</div><div style="TEXT-ALIGN: left">(a)&nbsp;the Dow Jones peak at 212.28 in May 1946, drop to 201 in July, reach a low of 169 in May 1947&nbsp;and not get back to&nbsp;200 until April 1950</div><div style="TEXT-ALIGN: left">&nbsp;</div><div style="TEXT-ALIGN: left">(b)&nbsp;unemployment, effectively zero&nbsp;in 1945, go to 3.4%&nbsp;at the end of 1947, 4%&nbsp;at&nbsp;end 1948, 6.6% at end&nbsp; 1949 and only drop back&nbsp;to 4.3% after the start of the Korean War.</div><div style="TEXT-ALIGN: left">&nbsp;</div><div style="TEXT-ALIGN: left">(c)&nbsp;GDP drop in 1945-6, 1946-7, and 1948-9, with a slight upward move in 1947-8, so that GDP which had&nbsp;on average increased by 17% a&nbsp;year&nbsp;from 1940-45, only increased by some 4% 1945-1950.</div><div style="TEXT-ALIGN: left">&nbsp;</div><div style="TEXT-ALIGN: left">(d) a 47.6 billion budget deficit in 1945 drop to 15.9 billion in 1946, then become a 4 billion surplus in 1947, followed by surpluses of 11.8 billion and o.6 billion in 1948/9, before the cold and Korean wars brought deficit spending back again.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><br></div><div style="TEXT-ALIGN: left">The above is not even a recession never mind a depression.</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">When our fighting men came home of course some of them were unemployed. </div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">It wasn't so much of returning veterans being out of a job, as their replacing the people who had been doing their jobs during the war. the iconic figure of course being Rosie the Riveter. </div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><br></div><div style="TEXT-ALIGN: left">This may come as a shock to you, but after WW2 there was next to no wartime production jobs to be had by anyone. Not GI Joe or Rosie.</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">That is not a depression. Our Vets were given assistance with higher education, housing loans, civil&nbsp;service&nbsp;employment, and many other things. </div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">None of that kept the government from being in surplus, as I pointed out above.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><br></div><div style="TEXT-ALIGN: left">"I presumed what unemployment there was would have been relevant to your&nbsp;definition&nbsp;of a depression"</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">Would we be handing out Billions of Dollars if we were in a depression?</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">Well, yes, in fact you would if you have any sense. Depression is exactly the time to start handing out money. The GI bill you mention and similar measures were useful in ameliorating the depression. So for that matter was the Marshall plan aid, since much of it came back to the US to boost exports. </div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left">Well thanks for that&nbsp;lesson&nbsp;in economics. We hand out Billions to foreign countries, not to mention a huge loan to the UK that was already... devoid... of the Marshal aid money. A fraction of which came back to private enterprise by way of exports.&nbsp;</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">&nbsp;The US economy was flying well into the 1970's.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">After 1950, yes, as I pointed out originally. The early 1970s saw the depressive effect of the end of the Vietnam war, one of the reasons the country was forced off the gold standard in 1973. </div><div style="TEXT-ALIGN: left"></td></tr></table><br></div><div style="TEXT-ALIGN: left">You mean it took all of 4 years to climb out of the massive "depression" you&nbsp;envisage. How tardy of us. It's a good thing the Korean War came along to get us out of that awful "depression" and "rescue" our economy.</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">Most of western Europe flourished&nbsp;financially&nbsp;post WW2. The UK was the exception.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">&nbsp;No to both statements, certainly in the period 1945-50. France in particular was forced into one devaluation after another and the UK was certainly in better shape than Italy, Spain, Portugal, and probably about the same as Denmark and Norway.&nbsp;Even the Dutch and German 'miracles' hadn't happened by 1950.</div><div style="TEXT-ALIGN: left">&nbsp;</td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">Maybe you can produce some figures to back up your claim?</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left">Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as <a href="http://en.wikipedia.org/wiki/West_Germany" target="_blank" rel="nofollow">West Germany</a> (<a href="http://en.wikipedia.org/wiki/Wirtschaftswunder" target="_blank" rel="nofollow">Wirtschaftswunder</a>), France (<a href="http://en.wikipedia.org/wiki/Trente_Glorieuses" target="_blank" rel="nofollow">Trente Glorieuses</a>), Japan (<a href="http://en.wikipedia.org/wiki/Japanese_post-war_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Japanese post-war economic miracle</a>) and Italy (<a href="http://en.wikipedia.org/wiki/Italian_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Italian economic miracle</a>).</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">I don't recall saying "money represents value" Please refrain from crediting me with your conclusions.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">You said the GDP represented value. GDP is measured in money. Hence 'GDP represents value' (which you did say, albeit by quoting another source) means money measures value. Which it doesn't.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left">I say again. I don't recall saying that GDP represented value. Hence or un Hence.</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">The GDP has a direct relationship with a country's financial health. To attempt in&nbsp;belittling&nbsp;such a huge indicator is beyond&nbsp;belief.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">That anyone with so little understanding of economics has the chutzpa to say that is beyond belief.</div><div style="TEXT-ALIGN: left"></td></tr></table></div><div style="TEXT-ALIGN: left"><br></div><div style="TEXT-ALIGN: left">Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as <a href="http://en.wikipedia.org/wiki/West_Germany" target="_blank" rel="nofollow">West Germany</a> (<a href="http://en.wikipedia.org/wiki/Wirtschaftswunder" target="_blank" rel="nofollow">Wirtschaftswunder</a>), France (<a href="http://en.wikipedia.org/wiki/Trente_Glorieuses" target="_blank" rel="nofollow">Trente Glorieuses</a>), Japan (<a href="http://en.wikipedia.org/wiki/Japanese_post-war_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Japanese post-war economic miracle</a>) and Italy (<a href="http://en.wikipedia.org/wiki/Italian_ec&#111;nomic_miracle" target="_blank" rel="nofollow">Italian economic miracle</a>).</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">Maye you can read <a href="http://en.wikipedia.org/wiki/Gdp#Criticisms" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Gdp#Criticisms</a>&nbsp;, <a href="http://en.wikipedia.org/wiki/Gdp#Externalities" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Gdp#Externalities</a>&nbsp;</div><div style="TEXT-ALIGN: left"><a href="http://www.nytimes.com/2010/05/16/magazine/16GDP-t.html?pagewanted=all" target="_blank" rel="nofollow">http://www.nytimes.com/2010/05/16/magazine/16GDP-t.html?pagewanted=all</a>&nbsp;, and</div><div style="TEXT-ALIGN: left"><a href="http://www.tinbergen.nl/discussi&#111;npapers/07019.pdf" target="_blank" rel="nofollow">http://www.tinbergen.nl/discussionpapers/07019.pdf</a></div><div style="TEXT-ALIGN: left">and explain to us why so many economists can be so misguided as to disagree with you. </div><div style="TEXT-ALIGN: left">&nbsp;</td></tr></table></div><div style="TEXT-ALIGN: left">I'm not interested. You would only be twisting their comments to suit yourself, as usual.</div><div style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </div><div style="TEXT-ALIGN: left">(<font size="2">Numeric data above are from the davemanuel collection of government data at: </font></div><div style="TEXT-ALIGN: left"><a href="http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php" target="_blank" rel="nofollow"><font size="2">http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php</font></a></div><div style="TEXT-ALIGN: left"><p style="MARGIN: 0in 0in 0pt" =ms&#111;normal=""><a href="http://www.davemanuel.com/historical-gdp-numbers-united-states.php" target="_blank" rel="nofollow"><u><font color="#800080" size="2" face="Arial">http://www.davemanuel.com/historical-gdp-numbers-united-states.php</font></u></a><font size="2">&nbsp;</font></p><div><p style="MARGIN: 0in 0in 0pt" =ms&#111;normal=""><font size="3"><font face="Arial"><font size="2">http://www.davemanuel.com/historical-unemployment-rates-in-the-united-states.php</font></font></font></p><font size="3"><font face="Arial"><div><font size="2"></font></div><font size="2">with the exception of the Dow Jones, which I happen to have offline</font>.)<div></div></font></font><p style="MARGIN: 0in 0in 0pt" =ms&#111;normal=""><font size="3"><font face="Arial"><!--?: prefix = o ns = "urn:schemas-microsoft-com:office:office" /--><o:p></o:p></font></font></p></div></div></td></tr></table></span><div><span style="TEXT-ALIGN: left; rgb231: "><br></span></div><div><span style="TEXT-ALIGN: left; rgb231: ">So now the GDP of a country is all so important to you. No one fully understands economics. That includes the lefties you are quoting. A Ph.D in economics would not even make an expert.</span></div>]]>
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   <pubDate>Sat, 14 Apr 2012 15:27:15 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev :   Buckskins wrote:  gcle2003...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75461.html#75461</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=496">gcle2003</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 14 Apr 2012 at 13:18<br /><br /><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Originally posted by Buckskins" alt="Originally posted by Buckskins" style="vertical-align: text-bottom;" /> <strong>Buckskins wrote:</strong><br /><br /><SPAN style="TEXT-ALIGN: left; rgb231: ">&nbsp;<table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Originally posted by gcle2003" alt="Originally posted by gcle2003" style="vertical-align: text-bottom;" /> <strong>gcle2003 wrote:</strong><br /><br />(Thus, for instance,&nbsp;the immediate depression in the US after 1945, from which it was rescued by the Korean War)<DIV></SPAN><SPAN style="TEXT-ALIGN: left; rgb231: "></td></tr></table><BR></SPAN></DIV><DIV style="TEXT-ALIGN: left">What&nbsp;depression&nbsp;are you talking about? </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">The one that started in 1945/6 and went on until 1949/50.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">The one that saw</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(a)&nbsp;the Dow Jones peak at 212.28 in May 1946, drop to 201 in July, reach a low of 169 in May 1947&nbsp;and not get back to&nbsp;200 until April 1950</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(b)&nbsp;unemployment, effectively zero&nbsp;in 1945, go to 3.4%&nbsp;at the end of 1947, 4%&nbsp;at&nbsp;end 1948, 6.6% at end&nbsp; 1949 and only drop back&nbsp;to 4.3% after the start of the Korean War.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(c)&nbsp;GDP drop in 1945-6, 1946-7, and 1948-9, with a slight upward move in 1947-8, so that GDP which had&nbsp;on average increased by 17% a&nbsp;year&nbsp;from 1940-45, only increased by some 4% 1945-1950.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(d) a 47.6 billion budget deficit in 1945 drop to 15.9 billion in 1946, then become a 4 billion surplus in 1947, followed by surpluses of 11.8 billion and o.6 billion in 1948/9, before the cold and Korean wars brought deficit spending back again.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">When our fighting men came home of course some of them were unemployed. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">It wasn't so much of returning veterans being out of a job, as their replacing the people who had been doing their jobs during the war. the iconic figure of course being Rosie the Riveter. </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">That is not a depression. Our Vets were given assistance with higher education, housing loans, civil&nbsp;service&nbsp;employment, and many other things. </DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">None of that kept the government from being in surplus, as I pointed out above.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">Would we be handing out Billions of Dollars if we were in a depression?</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">Well, yes, in fact you would if you have any sense. Depression is exactly the time to start handing out money. The GI bill you mention and similar measures were useful in ameliorating the depression. So for that matter was the Marshall plan aid, since much of it came back to the US to boost exports. </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">&nbsp;The US economy was flying well into the 1970's.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">After 1950, yes, as I pointed out originally. The early 1970s saw the depressive effect of the end of the Vietnam war, one of the reasons the country was forced off the gold standard in 1973. </DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> <BR></DIV><DIV style="TEXT-ALIGN: left">Most of western Europe flourished&nbsp;financially&nbsp;post WW2. The UK was the exception.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table> No to both statements, certainly in the period 1945-50. France in particular was forced into one devaluation after another and the UK was certainly in better shape than Italy, Spain, Portugal, and probably about the same as Denmark and Norway.&nbsp;Even the Dutch and German 'miracles' hadn't happened by 1950.</DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">Maybe you can produce some figures to back up your claim?</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">I don't recall saying "money represents value" Please refrain from crediting me with your conclusions.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">You said the GDP represented value. GDP is measured in money. Hence 'GDP represents value' (which you did say, albeit by quoting another source) means money measures value. Which it doesn't.</DIV><DIV style="TEXT-ALIGN: left"><table width="99%"><tr><td class="BBquote"><img src="forum_images/quote_box.png" title="Quote" alt="Quote" style="vertical-align: text-bottom;" /> </DIV><DIV style="TEXT-ALIGN: left">The GDP has a direct relationship with a country's financial health. To attempt in&nbsp;belittling&nbsp;such a huge indicator is beyond&nbsp;belief.</DIV><DIV style="TEXT-ALIGN: left"></td></tr></table></DIV><DIV style="TEXT-ALIGN: left">That anyone with so little understanding of economics has the chutzpa to say that is beyond belief.</DIV><DIV style="TEXT-ALIGN: left">Maye you can read <a href="http://en.wikipedia.org/wiki/Gdp#Criticisms" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Gdp#Criticisms</A>&nbsp;, <a href="http://en.wikipedia.org/wiki/Gdp#Externalities" target="_blank" rel="nofollow">http://en.wikipedia.org/wiki/Gdp#Externalities</A>&nbsp;</DIV><DIV style="TEXT-ALIGN: left"><a href="http://www.nytimes.com/2010/05/16/magazine/16GDP-t.html?pagewanted=all" target="_blank" rel="nofollow">http://www.nytimes.com/2010/05/16/magazine/16GDP-t.html?pagewanted=all</A>&nbsp;, and</DIV><DIV style="TEXT-ALIGN: left"><a href="http://www.tinbergen.nl/discussi&#111;npapers/07019.pdf" target="_blank" rel="nofollow">http://www.tinbergen.nl/discussionpapers/07019.pdf</A></DIV><DIV style="TEXT-ALIGN: left">and explain to us why so many economists can be so misguided as to disagree with you. </DIV><DIV style="TEXT-ALIGN: left">&nbsp;</DIV><DIV style="TEXT-ALIGN: left">(<FONT size=2>Numeric data above are from the davemanuel collection of government data at: </FONT></DIV><DIV style="TEXT-ALIGN: left"><a href="http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php" target="_blank" rel="nofollow"><FONT size=2>http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php</FONT></A></DIV><DIV style="TEXT-ALIGN: left"><P style="MARGIN: 0in 0in 0pt" =Ms&#111;normal><a href="http://www.davemanuel.com/historical-gdp-numbers-united-states.php" target="_blank" rel="nofollow"><U><FONT color=#800080 size=2 face=Arial>http://www.davemanuel.com/historical-gdp-numbers-united-states.php</FONT></U></A><FONT size=2>&nbsp;</FONT></P><DIV><P style="MARGIN: 0in 0in 0pt" =Ms&#111;normal><FONT size=3><FONT face=Arial><FONT size=2>http://www.davemanuel.com/historical-unemployment-rates-in-the-united-states.php</FONT></P><DIV><FONT size=2></FONT></DIV><FONT size=2>with the exception of the Dow Jones, which I happen to have offline</FONT>.)<DIV></DIV><P style="MARGIN: 0in 0in 0pt" =Ms&#111;normal><?: prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></FONT></FONT></P></DIV></DIV>]]>
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   <pubDate>Sat, 14 Apr 2012 13:18:10 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev :  Besides my trolling activity,...</title>
   <link>http://www.worldhistoria.com/soviet-society-from-khrushchev-to-gorbachev_topic127474_post75452.html#75452</link>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=9303">Paradigm of Humanity</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 14 Apr 2012 at 02:05<br /><br />Besides my trolling activity, 1990s really bad times for all former USSR countries... You could see engineers, doctors (etc) when tring to sell some staff (sadly...). There was abundance of diversity in goods. Military parachutes, boats, periscopes etc... My grandfather's old soviet made radio and vacuum cleaner still works <img src="http://www.worldhistoria.com/smileys/smiley11.gif" border="0" alt="Dead" title="Dead" /><br><br>Anyway, everyone needs a strong Russia for sake of balance of power but not, not too much <img src="http://www.worldhistoria.com/smileys/smiley36.gif" border="0" alt="LOL" title="LOL" /><br><span style="font-size:10px"><br /><br />Edited by Paradigm of Humanity - 14 Apr 2012 at 02:06</span>]]>
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   <pubDate>Sat, 14 Apr 2012 02:05:54 +0000</pubDate>
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   <title>Soviet society from Khrushchev to Gorbachev : Now THAT is very relevant to the...</title>
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    <![CDATA[<strong>Author:</strong> <a href="http://www.worldhistoria.com/member_profile.asp?PF=3928">Anton</a><br /><strong>Subject:</strong> 127474<br /><strong>Posted:</strong> 14 Apr 2012 at 00:29<br /><br />Now THAT is very relevant to the discussion about locking of USSR in her borders ;) You will perhaps be surprised to know that people from Turkey look for job in Russia as well.]]>
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   <pubDate>Sat, 14 Apr 2012 00:29:07 +0000</pubDate>
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