FDR Responsible for Prolonging - Not Ending - Great Depression, Say UCLA Researchers

economics department at ucla ^ | ? | Harold L. Cole and Lee E. Ohanian

[hellinahandcart]

[tacticalogic]

ping

[weezel]

That 3rd dip in '37 should have been a clue.

[ken21]

thanks.

[First_Salute]

Bump.

[Duke Nukum]

Another hero of the liberals bites the dust.

Well, they still have Castro.

And that fake India with the Jack Nicholson complex.

[Petronski]

[BenLurkin]

I've been saying this for years.

Add to that FDR's public stance as a pacifist while doing all he could th get us into WWII and we begin to see why we never want another one like him

In fact - get FDR's smug mug off the dime and put Reagan on!

[Dead Corpse]

It is a big boost for libertarian economic policies.

Should be. It'll be buried and ignored though. Too many people on both sides of the political isle are making big bank and grabbing lots of power with the way things are though.

The hell with us, the consumer. The producer. We "little" people. We don't COUNT anymore in their grand scheme of things.

[quadrant]

I pity these guys.
Can you imagine the reception they'll receive at the UCLA Faculty Club after publishing heresy like this?

[timtoews5292004]

FDR's Folly is a great book on the subject. Details just why and where his policies failed, and how some continue to do so (Social Security, I'm looking in Your Direction).

[DoctorMichael]

Paul Johnson does a good job of documenting this in his book MODERN TIMES, a review of the 20th century:

I'm glad to see this point of view is becoming more accepted.

[ken21]

every once in a while, after people get tenure, they do and say what they want.

[cotton1706]

Well he was safely reelected at that point, and then he gave us that "don't change horses" crap when the war arrived. In the meantime, his administration was breeding communists.

[Maria S]

Better not say this kind of thing around elderly yellow-dog democrats unless you want to lose your head! I have older relatives who think FDR could (and did) walk on water.

[ken21]

that's a good book. fast pace, bird's eye view.

[GOP_1900AD]

I agree. By prolonging the purging of bad debt, his actions prolonged the slow down. Witness, more recently, the case of Japan.

[ken21]

my best friend's mo-in-law is one of them!

wow! she has me pegged as evil.

seriously.

for bad-mouthing fdr.

another liberal who believes her oppressor is her liberator!

[Polyxene]

And here all this time, I thought it was Bush's 'er Hoover's fault! (sarcasm)

[prognostigaator]

^