Quote:
Originally Posted by slapass
United states - great depression
Germany - Rise of Hitler
Japan - did not do this as they run about 100% of GDP as the national debt and did not have the option.
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Uh...
Hoover/Roosevelt's government spending and manipulation of the economy prolonged the Great Depression and it took a World War to get us out of it.
Weimar Republic Germany experienced hyperinflation because of large amounts of government spending which eventually led to Hitler getting power...
Japan bailed out everyone and their economy still has not recovered. It is referred to as the "lost decade".