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Hoover Dam: Worst Investment in History

Jeffrey Whipple Wrote: Sep 03, 2012 9:53 AM
Somebody needs to read some history. Hoover Dam way built to stop flooding something it has never failed to accomplished. Hoover Dam contracts were completed prior to the stock market crash and had nothing to do with the new deal. The states that have part of the colorado river in the state built the Dam. Hoover Dam had to have contracts to sell enough power to pay for the Dam prior to starting the Dam. The original purchasers of the power have still never revived any power. Buy the time the dam was finished WWII had started and the war effort got all the power. So lets take a quick summary of the Dam, it had nothing to do with the new deal and was not part of Keynesian economics, it was build for practical reasons and accomplished
lkartchner Wrote: Sep 05, 2012 5:40 PM
A Minor quibble.

Hover Dam did have one failure in flood prevention. In 1983. There was a record snow pack in the rocky Mountain Basin. A warm rain came in that melted the snow pack in a couple of days. The five dams on the Colorado River Basin had all been kept full to deal with a predicted high water demand summer, and the result was a record high water level. For the first time since Hover Dam was built, The Bureau of the Interior lost control of the river. Mexico, instead of complaining that they weren't getting enough of the water, complained that they were getting too much. The water was at one point, going over the top of Glen Canyon Dam, Parker and Davis Dams, and was six feet over the tops of the spillways at Hover.
kenneth416 Wrote: Sep 03, 2012 11:40 AM
Jeffrey Whippie, you need to check your facts. The stock market crash occurred in the fall of 1929, while the Dam was completed in the early 1930's, long before we entered WWII in December 1941. And, finally, it was a Federal project, not a State(s) project.

Economics professor Bernard Malamud not once but twice invited the crowd in Las Vegas to visit nearby Hoover Dam to see for themselves an example of the productive assets that were created by Franklin Delano Roosevelt's (FDR) New Deal. Professor Malamud was recruited to plead the Keynesian side of the argument in an "FDR's Depression Policies: Good Deal or Raw Deal?" debate with the Foundation for Economic Education's (FEE) Lawrence Reed during FreedomFest.

I finished my masters degree from UNLV under the tutelage of Murray Rothbard but I started my coursework with a class or two from professor Malamud, who, while...

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