No, no. It was much more severe than that in the pre-Kensyan world. It wasn't merely restricting expenditures, they restricted the money supply itsself and that lead to global human misery. The crash of 2007 could have ended up that a too but lessons have been learned and expenditures and the money supply went up as stimulous, not down as Calvinism. Our Socialist/Capitalist hybrid system dates from the dirty thirties and it evolved to prevent the sort of catastrophic economic and human failure. Hitler understood how to use stimulous. Arms production (and mighty civil works) brought Termany back to life. The Tories in Britain and the Liberals in Ottawa had nary a clue about it. The Democrats down on the US were starting to get the idea, though.
========================================================================================================
POOR STUPID Curious Cdn!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Trying to DISTRACT us with crap about bank stimulus!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In 1921- Britain abandoned a 500 year old policy - to maintain a navy that was THE EQUAL IN SIZE AND QUALITY TO THAT OF ANY TWO POTENTIAL ENEMIES!!!!!!!!!!!!!!!!!!!!!!!!!
That British choice was seen by Fascists as the first MAJOR SIGN of western weakness!!!!!!!!!!!!!!!!!
The "decadent" west wanted butter and not guns!!!!!!!!!!!!!!!!!!
In 1925- Britain, France, Italy, United States and Japan signed the now forgotten Five Five Three naval treaty -intended to FREEZE battleship numbers and avoid another costly arms race between the major powers!!!!!!!!!!!!!!!!!!!!!!!
Germany was not included as the Treaty of Versailles already limited German forces!
Both Italians and Japanese REFUSED to consider limitations on submarines!!!!!!!!!!!!!!!!!!
And Japan refused to discuss limitations on aircraft carriers- this in the time just about when Billy Mitchell started demonstrating naval air power!!!!!!!!!!!!!!!!!!!!!!
So the Treaty was signed and Japan immediately began building the worlds biggest fleet of aircraft carriers!!!!!!!!!!!!!!!!!!!!!
And Japan hedged its bets by building the biggest submarine fleet on the planet!!!!!!!!!!!!!!!!!!!
And then the Japanese built Yamato and Kongo- the two biggest battleships ever!!!!!!!!!!!!!!!!!!!!!!!!!
The Italian efforts were more modest- they only wanted control of Mediterranean Sea- and only needed to defeat that portion of the British fleet operating there!!!!!!!!!!
So Italy signed the 5-5-3 treaty and immediately SCRAPPED most of its fleet- and replaced it with ULTRA MODERN weapons better than anything the British had!!!!!!!!!!!!!!!!!!!!
And the West shrugged off all this weapon building and that was seen by the Fascists as a HUGE SIGN OF WEAKNESS!!!!!!!!!!!!!
And then Hitler re-occupied the Rhineland- that was another sign of western weakness!!!!!!!!!!!!!!!!!!!!!!!
And the re-arming of Nazi Germany while the west shuddered in horror was another sign of weakness!!!!!!!!!!!!!!!!!!!!!
And the "Peace in Our time" bought by British Labour party- by surrendering Czechoslovakia to Hitler was another sign of weakness!
LIE-berals from around the world urged the west to "negotiate" with the Fascists!!!!!!!!!!!!!!!!!!!!!!!!!!!
And in the end the west WAS FORCED to fight- using quickly trained armies with crappy weapons against well trained and experienced professional soldiers with better weapons!!!!!!!!!!!!!!
And now we have the modern "fascists" of Russia, China. Iran and North Korea pushing at us because they think we can be intimidated- thanks to the political madness of LIE-berals like Our idiot Boy Justin!!!!!!!!!!!!!!!!!!!
Justin Trudeau is doing a MUCH BETTER JOB OF SELLING US OUT than Neville Chamberlain did at Munich!!!!!!!!!!!!!!!!!!!!!!!!!!
And Our idiot Boy has not just disarmed us completely- he has also LET THE ENEMY INTO CANADA- by letting al sorts of illegals and others such as ISIS fighters- with proven hostility to all things western- come here to vote in our elections and influence our policies !!!!!!!!!!!!!!!!!!!!!!
LIE-beral policy is ALREADY SO POISONED that LIE-berals are sending Cdn aid to terror group Hamas!!!!!!!!!!!!!!!!!!!!!
And Our idiot Boy thinks China would be a better/safer ally for us than United States or Britain!!!!!!!!!!!!!!!!!!!!!!!!!!!
And Our idiot Boy has allowed Chinese spies of Huawei to install their technology here so they can sabotage things like our power grid and hospital records and stock markets and banking information- and much of our communications system - if needed in time of war - or under threat of war!!!!!!!!!!!!!!!!!!!!