Brenner again

[Max Sawicky]

> . . .
>Well, the problem is that there is no evidence that such measures work.
They certainly did not work in the depression, when 1937 slump occurred in
the midst of lavish pump-priming.>

Year      GDP     Surplus

                 (Deficit-)   Surplus/GDP

1936      82.7      -3.2         -3.9%
1937      90.8        .5           .6%
1938      84.9      -1.5         -1.8%

Not too lavish.  In these terms, 3.9% was a
modest effort, the surplus in '37 was no
effort at all, and 1.8% ain't much as deficits
go.

(Source:  National Income and Product Accounts,

 Volume 1, 1929-58.)

MBS