Into his giant bowl of wrong, David Stockman hurls this item that cheers me no end:
World War II (which did far more to end the Depression than the New Deal did)
This remark implies an understanding that
(a) the New Deal did something to end the Depression – which puts Stockman ahead of Amity Shlaes and other New Deal denialists.
(b) the “Keynesian state” – which Stockman derides two paragraphs previous – actually works, at least to end Depressions.
Total tonnage 