FDR’s Folly

Just wanted to put this on here because it looks interesting.  I have not read this yet, but I intend to because it presents a different view of the New Deal than what we’ve all been taught. It’s available on sale at Buy.com, so there’s no excuse to put it off.

FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression

“Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929–33. Truth to tell-as Powell demonstrates without a shadow of a doubt-the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government. Powell’s analysis is thoroughly documented, relying on an impressive variety of popular and academic literature both contemporary and historical.”
-Milton Friedman, Nobel Laureate, Hoover Institution



2 Responses

  1. Something to look forward to is Robert Murphy’s coming book on the great depression. He’s a “Mises” guy, and runs a blog called “Free Advice” (one of my favourites – he is good at bullying Paul Krugman). Haven’t seen many posts from you lately, but I guess sometimes real life needs some attention too.


  2. I’ve been really busy the past couple of weeks at work, and also working at home at night catching up with stuff I didn’t get finished at work. Hopefully I’ll get caught up in the next few days so I can have time to do more posting.

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