And here all this time, I thought it was Bush's 'er Hoover's fault! (sarcasm)
^
Good post/thread bump
Only by left-wing socialist nutcakes. What finally ended the Great Depression was World War II and its attendant production boom, in spite of rather than in concert with FDR's idiotic New Deal programs.
Socialists are so stupid.
Look, they're talking about your favorite president (not).
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John Flynn spelled this out in detail in 1948, so it isn't revisionist history, and you can read his book for free:
The Roosevelt Myth
http://www.rooseveltmyth.com/book/hbzfrm.htm
Glad to see the "professionals" finally getting into the act. Friedman won a Nobel prize in 1976 in part for his work on the Depression and how the Fed screwed up the money supply, helping to prevent recovery. The regulatory effects of the NRA and other (unconstitutional) legislation pushed by FDR clearly had an effect as well. Raising the price of labor through minimum wage laws in the face of oversupply of labor sure didn't move things in the right direction. When I was in college in the 70's I studied History and Economics. The historians gave the Keynesian gobeldygook answer about the Depression. The economists at least had some tantalizing speculations about how the regulatory effect of the New Deal was harmful to recovery. Now, after the fact, I know they must have been reading Friedman.
I used to think doing something was better than doing nothing (which Hoover was accused of doing) during the Depression but now I see it would have been much better if Roosevelt had done nothing.
This has been a bad year for Roosevelt's legacy proving again that it sucks to be a Democrat.
Thomas Woods, in his recent book "The Politically Incorrect Guide to American History" makes the same claim.
What is that fluttering sound, airborne porcines????
Why did it take them so long!
My parents told me that before I started school in the late 30s.
FDR was the worst President this country ever had.
self ping for later reading
This study is not politically correct. These guys are in big trouble. I hope they have tenure.
The best one can say in Roosevelt's defense is that he prevented something worse, a Communist takeover. I suppose it was possible.
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I always suspected as much.
Not to mention the economic ill effects, still felt today, of overturning constitution restraints on the size of federal government.
ping
Bump for later reading.