Posted on 10/27/2008 3:51:29 PM PDT by rvoitier
Amity Shlaes challenges the received wisdom that the Great Depression occurred because capitalism broke, and that it ended because FDR, and government in general, came to the rescue. According to Shlaes, it was the government that made the Great Depression worse.
Interview is here. All 5 interviews listed.
I’m disappointed that this hasn’t drawn more comments. The programs of FDR which prolonged the Great Depression (indeed, Ms. Shlaes believes that they made a hitherto commonplace depression into a “great” one) bear a striking resemblance to Obama’s prescriptions for our situation today.
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