A Very Nice Take-Down of Treasury View Economic Blather

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The Numbers Do Not lie


But David Henderson Does

Economist Mike Kimel does a masterful job of taking down another right wing economist, one David Henderson, who asserts that the government spending actually suppressed economic activity during WW II, and when reduced, we experienced an unprecedented boom in GDP.

Only we didn't.

Henderson also claims that the relaxation of economic controls under Truman lead to a much larger increase in private investment.

Only it didn't.

The giveaway that Henderson is writing to reflect his opinions, rather than the facts is that he published his article at the Geroge Mason University Mercatus Center, which is another one of those right wing "think" tanks.

In any case, both of Kimels articles are worth a good read.

It is a very well done, and very well deserved, "Fisking" of a charlatan.

H/t Angry Bear.