This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
3/24/2010
New Deal - A Good Idea?
In the article Nostalgia  for New Deal Job Plan, Radnofsky talks about how our state mayors  have been making proposals that resemble FDR's New Deal programs during  the Great Depression. They believe that such efforts can be carried out  successfully if done so by local governments. I agree America's cities  are in need of a better sense of unity. However, it is not clear how  much of a positive effect the New Deal programs really had on our  nation. Sometimes too much government intervention just brings  unintented consequences. These programs would be focused on our metro  cities. This makes since to me only because they, combined, are  basically our economic engine. My question is, how much of an impact  will the proposals really have on our economic output as a whole?  Personally, I don't think it woul be much at all. Also, a great point  made in the article, we are starting from a different position than we  did back in the 1930's. We are definitely living in a different world  today; ofcourse we should be skeptical of such an idea. I am keeping my  faith in the private sectors to guide us to some form of a recovery.
Subscribe to:
Post Comments (Atom)
2 comments:
There's still a good deal of debate as to whether the policies of the New Deal were ultimately helpful or hurtful to the recovery process and long term growth. When comparing our current situation to that of the Great Depression, I agree with Costello that increased government spending will be less effective at stimulating long term growth than simply allowing that money to remain in the hands of businesses and individual citizens.
-1 on Costello for a gramamtical error.
Oh gosh. Why do we even listen to big city mayors? These guys were old news 50 years ago when people started moving to the suburbs. Frankly, they do not deserve a voice in national policy.
Post a Comment