GrumpyRabbit on Nostr: "The genuine postwar recovery came in 1946 and 1947, when Truman (reluctantly, under ...
"The genuine postwar recovery came in 1946 and 1947, when Truman (reluctantly, under pressure) slashed federal spending by +-40 percent. Prices adjusted. Veterans rejoined a labor market that could actually absorb them. Capital reallocated toward things people voluntarily chose to buy. Economists who predicted postwar collapse were wrong, because the state briefly stepped back and let markets function."
https://fixupx.com/Handre/status/2111069647164600336 
Published at
2026-10-16 14:46:57 UTCEvent JSON
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