Wednesday, July 20, 2011

More Data on Claim That Hoover Increased Spending in Great Depression

link here to article

Some conservatives have argued that Herbert Hoover increased government spending in the Great Depression and that he has been wrongly accused of refraining from the use of fiscal policy to counter the depression. Brad DeLong provides a graph that shows that federal spending did increase in the last year of the Hoover administration but that it would have been flat if Congress had not overridden his veto of the veteran's bonus. He asks whether this supports the claim that Hoover increased federal spending.

No comments:

Post a Comment