Popular opinion, especially among Keynesian's, but forfeited by Monetarists as well, states that World War II budget deficits ended the Depression But the Truth Is  by 1940 - before War Time Spending Provisions DRASTICALLY increased the budget - Private Investment had ALREADY driven Per Capita REAL GDP to above its 1940 levels... Primarily in the face of the ACTUAL budget cuts (Real Per Capita) in 1932 and 1933. Hoover's first two years 1930 and 1931 spending actually increased, and despite the later year cuts was NEVER actually cut below 1929 Levels!

Tonight we debunk the whole history, Great Depression, through WWII, through the Great Society, up through the Ford-Carter-Reagan Presidencies, and then through the Bush, Clinton, Bush in a History of Government Spending, Private Investment, Consumption and Incomes in the US.