On Mon, Dec 26, 2011 at 6:32 AM, Eugene Coyle <[email protected]> wrote: > Yes, and much of construction and machinery spending showed up in the > statistics as government spending, rather than "investment." So the national > accounts are distorted in two important ways.
FWIW, there are data on government investment. The US ratio of gross government investment to GDP jumped to almost 20% in 1943 (it was almost entirely federal in that year). If fell toward 10% in 1945. (NIPA table 5.1) -- Jim Devine / "In an ugly and unhappy world the richest man can purchase nothing but ugliness and unhappiness." -- George Bernard Shaw _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
